EOSBTC in Danger Area after ATH the price Dropped For correction How ever it pulled back for few days now but i think the Bull run is at the end now We might see another drop of price (( i wish i get this wrong so people won`t be effect by this analysis )) I draw how i think the price will go after it breaks the small uptrend Note that this is just me...
Lets See here .. RSI overbought MACD Might Cross Falling Wedge formed Blue line Is demanding Area Result : there is Good chance that price will drop in next Day to Test the support before it Bounce Back and Get Candle that would break the Falling wedge Lets watch it carefully I am not a Regular analysis Just when i find a Time i post or update Cheers :)
Rising Wedge broke We might Have chance for Good Sell with 2 Targets Main Trend is still Down if the price Goes the other Dirction Then we looking For long Buy Signal MACD AND RSI supporting the Sell Signal so far Blue = entry red = Stoploss Green = take profit Note that i am not a financial adviser Just a Humble simple Guy Sharing he`s thoughts and...
Note that i am not suggesting buying or selling ,,, i am just showing what i think THIS down trend with possible Short Buy entry to tight stoploss
Still unclear For Buy Signal ... Falling wedge has been broken but my Guess it will test before it continues Go up more further So lets wait to see Possible :1- testing the support 1st If it holds well then we Can have a Nice Run up 2- 2nd serario support dosn`t hold up then we looking to go to the next demanding Area ( next Support line )