Watch out, EOS in equilibrium!
Aggiornato
Hey guys, EOS is right now in a tight range, where we have 9,45 as double top, and 8.8 as Higher Low on the 4H. We're still clearly upholding 4H EMA 12 support, not even touching the 26. This range is going to break soon, grandpa Bitcoin will give the direction. => I will be talking about this in today's episode of the 'Crypto Chart Analysis', make sure to watch it! ;)
Should BTC break bullish, the break of 9,45-9.5(conservatively) would signal the break of the double top with some clear upside potential. Should we break bearish, we could break the 8.8. & and still stay in the range up the the Higher Lows at 8.5 => This would mean a prolonged equilibrium which would then break in the coming days (keep in mind: the longer the equilibrium, the better, because much stronger breaks!). In the direct correlation of EOS/BTC, we're also in a tightening range, almost building an ascending triangle. A break here will also be decisive & will lead to EOS being more leveraged than BTC, no matter in what direction.
So, if you want to play, a bullish play is clearly more decisive & favorable in this scenario regarding risk-reward, if we get one. Not matter what you play, set your stop loss, as fake outs in crypto space happen more often than not! Always better to play conservatively, i.e. leave a few percent on the table, than to getting faked out with a long wick. I wish you a good trading! ;)
If you had some value from my analysis, please like & subscribe, I will be doing those daily from now on! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Should BTC break bullish, the break of 9,45-9.5(conservatively) would signal the break of the double top with some clear upside potential. Should we break bearish, we could break the 8.8. & and still stay in the range up the the Higher Lows at 8.5 => This would mean a prolonged equilibrium which would then break in the coming days (keep in mind: the longer the equilibrium, the better, because much stronger breaks!). In the direct correlation of EOS/BTC, we're also in a tightening range, almost building an ascending triangle. A break here will also be decisive & will lead to EOS being more leveraged than BTC, no matter in what direction.
So, if you want to play, a bullish play is clearly more decisive & favorable in this scenario regarding risk-reward, if we get one. Not matter what you play, set your stop loss, as fake outs in crypto space happen more often than not! Always better to play conservatively, i.e. leave a few percent on the table, than to getting faked out with a long wick. I wish you a good trading! ;)
If you had some value from my analysis, please like & subscribe, I will be doing those daily from now on! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Nota
*not ascending, descending triangle with EOS/BTC
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.