Hello Dear Friends,
I believe EOS will either go through a temporary correction or just continue its downtrend.
The key points in favor of this scenario are:
1. Head and Shoulders at the top.
2. Huge selling red volume bar at the top.
3. Bearish divergence in the MACD and RSI.
4. BTC is the king.
Key points against are:
1. If BTC decides to correct it could favor EOS temporarily.
2. Ethereum is highly correlated with EOS, so if ETH continues climbing its very likely EOS will climb too.
If you like this analysis, a like would be greatly appreciated. Thanks for reading.
Robertus
I believe EOS will either go through a temporary correction or just continue its downtrend.
The key points in favor of this scenario are:
1. Head and Shoulders at the top.
2. Huge selling red volume bar at the top.
3. Bearish divergence in the MACD and RSI.
4. BTC is the king.
Key points against are:
1. If BTC decides to correct it could favor EOS temporarily.
2. Ethereum is highly correlated with EOS, so if ETH continues climbing its very likely EOS will climb too.
If you like this analysis, a like would be greatly appreciated. Thanks for reading.
Robertus
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Bearish Engulfing in the house.
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Homerun.
“All fixed set patterns are incapable of adaptability or pliability. The truth is outside of all fixed patterns” BL
Trader Since 2016. Industrial and Operations Engineering at U of Michigan, Ann Arbor. MBA IPADE. Master in Finance EGADE.
Trader Since 2016. Industrial and Operations Engineering at U of Michigan, Ann Arbor. MBA IPADE. Master in Finance EGADE.