EOS rally looks weak
Updated
Looking at the intra-day chart for EOSUSD, the price action on the retracement is starting to look weak.
Could this be the bear continuation about to start? Price is slowly grinding along with no real volume or momentum.
I'll be watching for a break of the trend line for a quick trade trade to the downside using STOP-LIMIT order. This way, price can keep pushing higher and I can adjust my entry price.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Could this be the bear continuation about to start? Price is slowly grinding along with no real volume or momentum.
I'll be watching for a break of the trend line for a quick trade trade to the downside using STOP-LIMIT order. This way, price can keep pushing higher and I can adjust my entry price.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Comment
Price eventually reached projected target. The grinding candlesticks is a great way to spot weakness in trend.
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