Hello
I expect to see EOSETH long to at least target 0.0325. If we manage to broke it, we will bigger push up :) (Usually when 5th wave bounce in, we expect to see resistance broken easy and new highs will take in or new RESISTANCE!.
Uptrend confirmation:
-RSI oversold
-Macd is cross for uptrend
-Trend is Still ABOVE 200SMA, which is telling us that we are still in uptrend mode.
-Correlation is done i think.
-If we look at fibonacci, we see that support is found at 0.5.
-Another confirmation for support is found is SMA 150, because it's currently holding.
Bad scenario( Or short mode activate)
-Price break 200SMA or price 0.0194
-Price break 0.5 fibonacci level and goes to GOLDEN RATIO 0.618
-Price don't find support at around 0.0170 - 0.0185
Then Downtrend will start!
Good luck
Just 2cents from Fab1j0. Trade on your own and don't take this as trading advice !
I expect to see EOSETH long to at least target 0.0325. If we manage to broke it, we will bigger push up :) (Usually when 5th wave bounce in, we expect to see resistance broken easy and new highs will take in or new RESISTANCE!.
Uptrend confirmation:
-RSI oversold
-Macd is cross for uptrend
-Trend is Still ABOVE 200SMA, which is telling us that we are still in uptrend mode.
-Correlation is done i think.
-If we look at fibonacci, we see that support is found at 0.5.
-Another confirmation for support is found is SMA 150, because it's currently holding.
Bad scenario( Or short mode activate)
-Price break 200SMA or price 0.0194
-Price break 0.5 fibonacci level and goes to GOLDEN RATIO 0.618
-Price don't find support at around 0.0170 - 0.0185
Then Downtrend will start!
Good luck
Just 2cents from Fab1j0. Trade on your own and don't take this as trading advice !
Note
If you didn't buy it, buy NOW! I think now is the moment, when this one will pump up like crazy. I hope i'm not wrong.
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.
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.