Welcome to my new idea. Since cryptomarkets show less rapid downtempo We could observe differences between them. EOS behaviour is well known these days, I understand EOS bulls reason that's why I would like to put solution on the table: In short term investment EOS brings a lot of gains because of its volatile nature, stronger than in BTC's case. New ATH on this pair is out of the question, the nearest resistance zone should drag it down. But You see - these price jumps. If You would long here and it would work, profits could reach 10% while on BTC it would be, let's say, 6%. That's why You should keep an eye on this coin. Always remember about proper risk management, and try to use my tools on this chart. I will update this idea to judge final direction declaration. After passing through largest short on BFX We could expect some bounce, but final target is short position with decent base price.
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sell second attempt of supports breakdown.
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crackdown area, I see this going to atleast TP1 zone, then We need to track it if bears from blue circle are that heavy so We might need bounce from here.
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TP1 hit
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Retesting any of white supports is possible. There could be short entry option while meeting them.
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Support zone retested, short reentry!
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pretty classic bearish formation, pullback was volatile but not strong enough to bring the market back, We need to consider single buy ins as milestone during long way down. Good short entry point.
15min chart
15min chart
Trade closed: stop reached:
solving the triangle formation went into bear traps and breakthrough. Buying EOS for short-mid term is quite fine idea.