Hey guys, yesterday I posted the potential for an equilibrium on EOS. This is right now certain: EOS, just like big brother BTCis right now in a tightening range on the 4H with 8,25 as resistance & 7,62 (conservatively 7,25) as support. A break here is coming rather sooner than later, and will see a big move. Of course, the direction will highly depend on big brother BTC .
A bear break is looking at 6,89 at least. Should those not hold, next supports in the Daily are at 6,4 & 6 psychological. A bull break could lead at least to 8,8 and 9 psychological.
=> Since we're in a bearish trend , the break of equilibriums always favors the bears, than it does the bulls. But you still have to wait for a clear break, esp. with those long wicks & fake-outs. So always be more conservative, miss a few percent rather than getting faked out. Set your orders accordingly, and never forget your stop loss. Look at BTC before trading here, EOS isn't going anywhere without big brother. I wish you good luck trading! ;)
If you find my analysis helpful, please like & subscribe, and watch my daily videos, I will be talking about the equilibrium today! ;) (description is in my status)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC .
A bear break is looking at 6,89 at least. Should those not hold, next supports in the Daily are at 6,4 & 6 psychological. A bull break could lead at least to 8,8 and 9 psychological.
=> Since we're in a bearish trend , the break of equilibriums always favors the bears, than it does the bulls. But you still have to wait for a clear break, esp. with those long wicks & fake-outs. So always be more conservative, miss a few percent rather than getting faked out. Set your orders accordingly, and never forget your stop loss. Look at BTC before trading here, EOS isn't going anywhere without big brother. I wish you good luck trading! ;)
If you find my analysis helpful, please like & subscribe, and watch my daily videos, I will be talking about the equilibrium today! ;) (description is in my status)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC .