Huge Wave Up-trend Incoming!!! Trend Reversal
Updated
Doji is usually an inflection point. The next candle usually marks the direction. If we get a green candle, we are in for a huge up-trend! This lines up perfectly on the launch of the Mainnet! The HODLers are about to realize their true values in this up trend yet to come! RSI indicates we are oversold on the daily chart. Up coming good news and new (common folks) buyers from NYSE and NASTAQ will push up (way past) all time high. We are just getting started, just keep HODL. Don't let shorts scare you!
Note
The borrowing margin rate has decreased substantially to 0.04% per day implying people who played with margin(borrowed money) exited their positions. At one point EOS borrowing rate reached 0.04% (which is high) at $12.00. This gives rocket the fuel for the next big JUMP as shorts exit and people re-margin their positions!Note
We might get invalidated if today finishes as a red candle.Note
Now that my chart looks ugly. We get an inverted hammer. Ideally we want to see it above $13.07.Note
Just a note, in case you didn't get what I meant. Inverted hammer is bullish.Note
I am okay with this if we stop trading here. The chart is still bullish. It just means we gotta wait for one more candle to verify.Note
The bears are working really hard to break this trend reversal by giving us a red candle.Note
As long as we hold 11.90~12.00 key level, we still have another chance for reversal tomorrow... Otherwise, the bears really win this round.Note
I know it may not "look" like a reversal, but the inverted hammer is a bullish candle in a down trend! We may not get a key verification candle, but on the bright side. EOS just made higher highs and lower highs. If you don't believe me, check today's highs and lows! If tomorrow we get a clear up day without breaching 11.90~12.00 key support. It is very likely we have a trend reversal (it also implies that we may never see this kind of prices again for a very long time.)Note
I just realized, I meant to say "higher high and higher low."Note
Tomorrow's close if it is 12.68 or higher, we will be looking at a HUGE up trend.
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