Long
EOS/BTC Double Bottom 4hr
EOS looks like it has formed a double bottom.
The rectangle is the area to watch as it is the first major resistance level.
It tested that 25 EMA and will probably bounce down to the 10 EMA before moving up.
RSI is showing bullish divergence as well, keep eyes on.
The rectangle is the area to watch as it is the first major resistance level.
It tested that 25 EMA and will probably bounce down to the 10 EMA before moving up.
RSI is showing bullish divergence as well, keep eyes on.
Note
EDIT: I published this chart in a slight mistake. A double bottom needs more volume as far as the sell candles that form that V.
That's my fault but EOS is moving up so I'll be sure to confirm it next time.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.