This looks like great area to try a long. Divergences starting to appear on 4 hr, longer term trend line is close, aligns well with horizontal levels.
Here are some areas where am expecting to see some pullbacks. We gotten to our buying box $BTC. This is where I am scaling some longs in to profit from pull back. Divergences are starting to appear, however volume here is still not great so we need to watch for 2nd box even tho I don't think it's likely to drop straight there. twitter.com
EOS is seriously overbought on all time frames, it reached it's ATH almost with no retrenchment and I would say it's due to come now. Divergence showing on oscillators, good R:R ratio here.
$NEO is likely to get temporary rejected here. USD pair coming to trendline, BTC pair coming to 0.01 psychological lvl and also hitting up fib. Breaking those with volume would be extremely bullish, otherwise looking for buybacks in green boxes might be good idea. $NEOUSD $crypto
$NEO is likely to get temporary rejected here. USD pair coming to trendline, BTC pair coming to 0.01 psychological lvl and also hitting up fib. Breaking those with volume would be extremely bullish, otherwise looking for buybacks in green boxes might be good idea. $NEOUSD $crypto
It appears that ETH was unable to brake trend-line and retrace could be expected, oscillators on lower time frames are showing overbought conditions. Profit taking in red rectangle areas.
While downtrend from 20k is clearly broken we bounced of 100 EMA and 0.5 fib. Now we should retest trend line and reset oscillators on lower time frames as most are showing overbought conditions, and this could lead to forming evening star. So there is opportunity to enter short with good risk reward ratio. Profit taking/closing in red rectangle areas.
Divergence on 30 mins across several indicators.