obzerv

obzerv

Understanding Broadening Formations Broadening formations occur when a market is experiencing heightened disagreement among investors over the appropriate price of a security over a short period of time. Buyers become increasingly willing to buy at higher prices, while sellers find ever more motivation to take profits. This creates a series of higher interim peaks...

obzerv

We can all sit here and argue about when it's going to happen , just follow the trend.. Don't try to catch knives it's not the time with all the crap going on in the world , macro lens is very Bearish even if it's oversold in shorter timeframes. Don't lose the bigger picture, the bottom is not in what you do from there is your choice; you either try to short...

obzerv Updated 

Here we are sitting on the Low of June exact same level also where we bounced from recently after the rally to $22. We can all agree Eos has been bleeding like a wounded animal, you can see here on the 8 hour chart the last consecutive 12 candles have all been RED. Now we are at this important level from which we bounced/created a bulltrap the last time. We can...

obzerv Updated 

Last time we bounced from 5.8 we continued to rally unto 20k. There we have some heavy support and supply zone. We can also see the we have bounced around this area 3 times or so since falling from the top of the mountain that is known as 20k. Daily RSI also heading into Oversold Territory. That being said any bounce we have will be short lived compared to the...

obzerv Updated 

Who is buying this up now ? Maybe some long term investors on spot and day traders going for scalps but as for the general sentiment it is fucked! We will need time to recover , longer than most people may want. If we managed to get through this purple line on top of us we can see a short lived bounce that will give us the momentum we need to see us crush the...

obzerv

Everyone is getting excited but even if we pump I think its just temporary as we are still stuck in this channel. Just an observation not advice.