EOSBTC Major Bullish Break-out

EOSBTC broke above the Lower Highs trend-line that started on April 2018 that has essentially marked the start of its Bear Cycle. By doing so, it also broke the 1W MA50 (blue trend-line). That was the first hit on that line since the June 03 2019 1W candle. This bullish break-out is supported by both the RSI (broke above its 1 year Resistance) and the LMACD (biggest bullish gap ever).

The short-term target is the 1W MA100 (green trend-line) and long-term the 1W MA200 (orange trend-line). Both happen to be near the two major Resistance levels (1 & 2) that were formed previously by Lower Highs.


Most recent EOSBTC signal:

** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **

--------------------------------------------------------------------------------------------------------

!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!

🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> xBTala

--------------------------------------------------------------------------------------------------------