The "eternal downtrend" here refers to a long, painful and boring 2,121 days of lower lows.
Whoever remains holding, that would be diamond hands.
Whoever wanted to sell, already sold.
Anyway, we can find the positive in this.
After a massive downtrend we can experience a strong uptrend in reverse.
We have a bottom pattern and 3 years long bullish divergence...
◳◱ An intriguing development has unfolded on the NYSE:EOS / CRYPTOCAP:BTC chart as we've identified a compelling Trend Reversal. This shift in price dynamics indicates a noteworthy potential trend change. It's crucial for us to pay attention to the next resistance levels located at 0.00001996 | 0.0000212 | 0.00002325 and the significant support levels found at...
◳◱ A Resistance Breakout has been identified on the NYSE:EOS / CRYPTOCAP:BTC chart. The price has broken above a key resistance level, indicating a potential bullish trend. The next resistance key levels are located at 0.00003446 | 0.00003535 | 0.00003748, and the major support zones can be found at 0.00003233 | 0.00003109 | 0.00002896. Consider entering at...
Weekly RSI near 30
Bearish momentum is weak
Daily RSI trend line broken to up
Daily has far distance frim MAs, 50 - 100 - 200
Conclusion:
Now it is better stay on BTC
Enter: Broke daily trend line to up with a good candle
If it happened then:
TP= MA50, MA100, MA200 = Around 320, 410, 470
This is another interesting chart.
There is no need to be right.
There is no guessing, no predictions.
There exist those of us who use Cryptocurrencies.
There are some of us who live Crypto.
Some of us trade Altcoins.
Spotting the bottom can be life changing.
One single trade can change your life.
When buying at the top, excitement, euphoria, they will tell...
Either go full force from here or likely 50% drop towards 1.272 local & intermediate
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Hold my beer pls
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No financial advice, do your own research, don't be stupid
Price is within a fast-closing wedge formation so we can't expect massive movements until a breakout to either the up or downside has occured. There is however room for a quick Long trade with #EOSBTC.
Coming off the lower trend line and receiving a Buy signal from CTv2 we've got space for a 10% gain here into the box as illustrated.
If you enjoyed or agree...
◳◱ A Resistance Breakout has been identified on the $EOS / $BTC chart. The price has broken above a key resistance level, indicating a potential bullish trend. The next resistance key levels are located at 0.0000509 | 0.0000541 | 0.0000592, and the major support zones can be found at 0.0000458 | 0.0000439 | 0.0000388. Consider entering at the current price zone of...
◳◱ A Resistance Breakout has been identified on the $EOS / $BTC chart. The price has broken above a key resistance level, indicating a potential bullish trend. The next resistance key levels are located at 0.0000509 | 0.0000541 | 0.0000592, and the major support zones can be found at 0.0000458 | 0.0000439 | 0.0000388. Consider entering at the current price zone of...
I mentioned recently that the signal for a major correction would be everything going red as soon as Bitcoin drops.
Today we saw Bitcoin dropping by more than $1,000 yet many Altcoins continue green and some are moving up to hit new highs.
EOSBTC is one of these pairs and some others that I will publish after this one.
This is just a friendly reminder that the...
◳◱ A Resistance Breakout and Confirmation has been detected on the $EOS / $BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 0.0000509 | 0.0000541 | 0.0000592, and the major support zones can be found at 0.0000458 | 0.0000439 |...
We have identified both a Super Trend pattern and a Resistance Breakout on the $EOS / $BTC chart. Both indicators are signaling a bullish trend, with the Super Trend showing a bullish trend and the Resistance Breakout confirming this trend by showing the price breaking above a key resistance level. Given the alignment of these signals, it may be a good idea to...
![EOSBTC: $EOS/#BTC [#EOS]: Resistance_Breakout](https://s3.tradingview.com/d/DyIDXWlE_mid.png "$EOS/#BTC [#EOS]: Resistance_Breakout")
![EOSBTC: $EOS/#BTC [#EOS]: Resistance_Breakout](https://s3.tradingview.com/z/zfyFgwij_mid.png "$EOS/#BTC [#EOS]: Resistance_Breakout")
![EOSBTC: $EOS/#BTC [#EOS]: Resistance_Breakout_Confirmation](https://s3.tradingview.com/u/U6odp3R4_mid.png "$EOS/#BTC [#EOS]: Resistance_Breakout_Confirmation")
![EOSBTC: $EOS/#BTC [#EOS]: SuperTrend Resistance_Breakout_Confirmation](https://s3.tradingview.com/a/AfOe3V9d_mid.png "$EOS/#BTC [#EOS]: SuperTrend Resistance_Breakout_Confirmation")