Hi everyone. Carriedout analysis on EOSUSDT and i found out there could be more bearish move to the downside.
EOS previous had a HTF impulse to the downside, now it is in a correction phase, Because after an impulse we expect correction. and currently it's doing that. but it seems to be that this correction will come to an end in a short while. in 15min chart there's an impulsive move to the downside (I drew it on the chart) and now it's correcting. once there's a breakout below the LTF correction it could make the next impulse move to the downside and this impulse move could break the larger correct.
secondly, there's a double top pattern formation which is a strong sign for bearish movement, this is what caused the impulse in the LTF I'll be entering trade firstly when there's a breakout below the larger correction, followed by continuation correction Conclusion: EOS will go short if a breakout occur below the larger correction, followed by continuation correction.
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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.