Shorting Opportunity for EOSShorting Opportunity for EOS.
Currently in a RISING WEDGE which is a bearish indicator
RSI nearing overbought
MACD Showing Bearish Divergence
BTC Running rampant ruining everything
Happy Shorting.
KID
Possible Long Position for ADA/BTCTesting out a new trading technique using Bollinger Bands on the RSI, price should retrace to the suggested buy area and with ADA being in a triangle, (similar to the XRP pump in September(i think??)) and currently down 89% from ATH this puppy should moon, if all goes to plan it'll probably blow my targets out of the water.
Genesis Vision - Long OpportunityGVT - Currently down trending and yet to bottom out, possible bottom is the 10k area. GVT is respecting confluence zones, has bounced off previous ones as show below in this description, Ladder buys between the 10.5 and 10k area with a stop loss set at 9887 Sats, possible target is the 11.5k area
MACD is Bearish
RSI is the middle
50 MA is above price
Look at the RSI when it hits the confluence zone (double top)
The confluence zone found the next bottom perfectly and again when it hit the confluence zone the RSI made bearish divergence (double top with price decreasing)
BTC BOTTOM IDEAFIB Confluence zones, and with all this crap with bitcoin cash we could be seeing the final leg down, will be interesting to see how this plays out.
