EOSUSD - Beginning of a new rally?
Updated
With approx. 36 hours to go before the weekly close, it looks like we'll be getting a weekly green HA bar for the first time in 11 weeks.
In previous occasions (not all of them) this has marked the beginning of a new +200% rally.
Time will tell if this is the case again.
In previous occasions (not all of them) this has marked the beginning of a new +200% rally.
Time will tell if this is the case again.
Note
Weekly close confirms a bullish HA bar. Not only did it close above last week, it also closed above the week before last.Note
Another weekly green HA candle has just closed making it two in a row.In the smaller time frames however (daily and below) we can see a pullback taking place. Price action is currently around 3.8 which is just above 3.7-3.5 support zone.
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