From the Technical Perspective:
1. From the Monthly perspective, EOS was rejected from the major level of supply zone (8.597), expecting a continuation to the downside.
2. From the Weekly perspective, EOS created an impulse to the downside with a retracement, we can expect a continuation to the downside.
3. From the Daily perspective, EOS is approaching the major supply area (6.804~6.618), we can expect a continuation to the downside from this region.
4. Overall direction from the Multi-Timeframe Analysis: BEARISH
How to approach EOSUSD?
1. Currently lower timeframes are indicating a bullish market, multiple HH (Higher High) and HL (Higher Low) are formed. We can looking for the long opportunity at the moment and targeting the supply area (6.804~6.618), if your rules of the strategy are fulfilled.
2. Once the price reached the supply area, we can looking for the short opportunity inside the supply area.
The result might not follow my analysis, this analysis is based on the TA & FA perspectives.
Comment down below let me know your view on EOSUSD or which pairs you would like to me analyze in the future.
Kindly visit my profile and get more free analysis every single day.
1. From the Monthly perspective, EOS was rejected from the major level of supply zone (8.597), expecting a continuation to the downside.
2. From the Weekly perspective, EOS created an impulse to the downside with a retracement, we can expect a continuation to the downside.
3. From the Daily perspective, EOS is approaching the major supply area (6.804~6.618), we can expect a continuation to the downside from this region.
4. Overall direction from the Multi-Timeframe Analysis: BEARISH
How to approach EOSUSD?
1. Currently lower timeframes are indicating a bullish market, multiple HH (Higher High) and HL (Higher Low) are formed. We can looking for the long opportunity at the moment and targeting the supply area (6.804~6.618), if your rules of the strategy are fulfilled.
2. Once the price reached the supply area, we can looking for the short opportunity inside the supply area.
The result might not follow my analysis, this analysis is based on the TA & FA perspectives.
Comment down below let me know your view on EOSUSD or which pairs you would like to me analyze in the future.
Kindly visit my profile and get more free analysis every single day.