Hello guys,
analyzing the biggest cryptos I would like to point attention out on EOSUSD: in my opinion price is close to an important watershed level.
In fact price is near the trend line supporting the bullish movement started from the end of October, 2017.
It represents an important supportive area: we can consider this level to around 7 USD and once the level is broken I think EOSUSD could shrink to at least 6 USD or even to 5.2/5 USD.
Volume increases only in correspondence to red candles and this is not a good signal; indicators are inclined to further falls.
To sum up:
if price breaks 7 USD----> 6.5 USD----> 6.2/6 USD----> 5.2 USD
***This analysis is not a buy or sell advice, it is drawn up for educational purpose only***
analyzing the biggest cryptos I would like to point attention out on EOSUSD: in my opinion price is close to an important watershed level.
In fact price is near the trend line supporting the bullish movement started from the end of October, 2017.
It represents an important supportive area: we can consider this level to around 7 USD and once the level is broken I think EOSUSD could shrink to at least 6 USD or even to 5.2/5 USD.
Volume increases only in correspondence to red candles and this is not a good signal; indicators are inclined to further falls.
To sum up:
if price breaks 7 USD----> 6.5 USD----> 6.2/6 USD----> 5.2 USD
***This analysis is not a buy or sell advice, it is drawn up for educational purpose only***
Trade active
Signal triggeredTrade closed manually
I prefer closing this trade without profit nor loss because EOS is very resilient against BTC and I fear a possible rebound even if, at the moment, there isn't any concrete signal.
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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.