$EOS #EOSBTC Is it really about to repeat its previous push???
Hello Lads and Ladies,
Today we are looking back into EOSBTC after the end of the really mesmerising ICO and the 20% it made within a few hours.
Some fundamentals about EOSBTC first, we have been moving in an upward tilted channel for quite some time now. The fibs line are respected when finding the top of the push and also when retracing, that makes our lives way easier.
So basically what we saw happening with the spontaneous 20% push, already happened just less than a month ago, it retraced to the new uptrend support line (green arrow) and started a humungous push. To be really honest, I really believe that this has chance of doing it again. If the news stay positive and the whole market does not go south, the chance of it making the same move again would be around 70%.
The indicators would be here the 61.8% line that we are approaching that already is known for its big turn arounds and would also just above the new trend line just as it was before the first huge push in may. Moreover, just as it was before, RSI is locating itself at around 50 points, well guess where it was before the huge push in may... 50.
I know all of this would be beautiful to work out and the indicators are almost too good to be true. Therefore we need to talk about the 30% chance of it going back to the 50% fibs line just as it did the last time when the chart hit the 78.6% line. From there it would most likely come back and cross over the new trend line, or locate itself in a channel.
In case of a humungous push, my sell orders will be located before the 127.2% fibs line, before the 141.4% fibs line and between those two.
Like and Follow me and you will find this page interesting because I am a TA expert and day trader that does daily updates and new posts about the hottest and most discussed coins.
Cheers, Tomas
Today we are looking back into EOSBTC after the end of the really mesmerising ICO and the 20% it made within a few hours.
Some fundamentals about EOSBTC first, we have been moving in an upward tilted channel for quite some time now. The fibs line are respected when finding the top of the push and also when retracing, that makes our lives way easier.
So basically what we saw happening with the spontaneous 20% push, already happened just less than a month ago, it retraced to the new uptrend support line (green arrow) and started a humungous push. To be really honest, I really believe that this has chance of doing it again. If the news stay positive and the whole market does not go south, the chance of it making the same move again would be around 70%.
The indicators would be here the 61.8% line that we are approaching that already is known for its big turn arounds and would also just above the new trend line just as it was before the first huge push in may. Moreover, just as it was before, RSI is locating itself at around 50 points, well guess where it was before the huge push in may... 50.
I know all of this would be beautiful to work out and the indicators are almost too good to be true. Therefore we need to talk about the 30% chance of it going back to the 50% fibs line just as it did the last time when the chart hit the 78.6% line. From there it would most likely come back and cross over the new trend line, or locate itself in a channel.
In case of a humungous push, my sell orders will be located before the 127.2% fibs line, before the 141.4% fibs line and between those two.
Like and Follow me and you will find this page interesting because I am a TA expert and day trader that does daily updates and new posts about the hottest and most discussed coins.
Cheers, Tomas
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