EOS broke down and out of a bearish rising wedge and seems to be looking for support. I’m watching the prior order block around the $5.26 support for a possible bounce/reversal.
Zooming out on the daily chart, we can see EOS continues to trade within a tighter and tighter range.
Price was rejected at the 21 day EMA on the daily, and just dropped below the 8 day EMA.
In today’s video analysis I discuss, where price may go from here, how I’m trading EOS, market psychology and so much more. I hope you find it helpful.
Video Analysis:
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!
Workin
Disclaimer: I am NOT a financial advisor and this is NOT financial advice. Please always do your own research before investing.
(22 votes, average: 4.82 out of 5)You need to be a registered member to rate this.(2045 total tokens earned)
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Great TA as usual @Workin2005, you are the champ.
Keep em coming buddy.
Regards,
Mark (Zeus69)
You’re too kind Mark. Appreciate the comments my friend.
All well deserved.
Mark
I thought I would give you another 5 rating just because i think you deserve it, 5 stars again. Keep em rolling my friend,
Regards,
Mark (Zeus69)
Thanks Mark. I appreciate it my friend. You can rate a post twice? I didn’t know that…hummm.
Yup absolutely, i did this for a reason for you, i wont mention why 😉
Mark
Thanks Mark. I really didn’t know that was possible. Cheers!
It’s nice to hear you analyze all that information from where I only see red and green candles.
It is clear that you must be a professional analyzer.
Already rated you today, twice is not allowed. Your frequency is too high
Haha…that’s ok. I don’t put these updates out for ratings…even though they’re greatly appreciated. Thanks for stopping by Peter.
I’m glad you found it helpful @dresden. Thanks for commenting.
good tech analysis – always good views
Thanks @eos10x
Excellent TA.
Timely EOS update sitting at $5:43 atm, so testing first resistance. Thanks, @workin2005. (Rate later)
I woke up and saw that this morning. Unfortunately it didn’t dip far enough first to fill my last buy order…but that’s ok. Thanks for the comment @cryptosdecrypted.
great analysis as always, if git the impression, eos makes another attempt to detach itself from BTC, but that might only work as long BTC doesn’t move…
I agree….at least for now. I think we may see real separation by the end of 2019…and not just EOS. I feel many prominent altcoins will start to rise and fall on their own merit over the next year. Still, Bitcoin (like the Dow) will likely remain a good indicator of the overall market IMHO.
Thanks for commenting @conceptskip
grazie @workin2005
My pleasure @saifer87!
Thanks @workin2005
My pleasure @sandwichbill. Appreciate the comment.
Nice TA, thanks @workin2005
Thanks @dodybireuen
think up is on the cards – It’s that time of year. The cryptowhales will want to buy some presents.