EOS consolidation ongoing -potential H&S on Hourly
Hey guys, the consolidation on EOS, just like with grandpa BTC, is now ongoing after the huge bull breaks. Similar to BCH, EOS did actually break a 2nd time to the upside at 9,44, while grandpa was still consolidating. I will be talking about this in today's episode of the 'Crypto Chart Analysis', make sure to watch it! ;)
Right now we're in between the EMAs 12 & 26 on the Hourly, and still far away from 4H EMAs -there is much room for consolidation. If we break the Hourly H&S pattern to the downside, the 26 EMA comes right now exactly at 8.44, where we had our previous resistance line before the break, and a retest wouldn't pose any problem, as long as grandpa plays along.
All in all, the situation in the daily is pretty similar to BTC: we're in between the EMAs, rejecting from 26 right now. The bulls need to see a clear break of the Daily Lower Highs, in order for the bulls to have a hope in reversing this trend. For BTC this is right now the 6850 range, for EOS 10.9.
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.
Right now we're in between the EMAs 12 & 26 on the Hourly, and still far away from 4H EMAs -there is much room for consolidation. If we break the Hourly H&S pattern to the downside, the 26 EMA comes right now exactly at 8.44, where we had our previous resistance line before the break, and a retest wouldn't pose any problem, as long as grandpa plays along.
All in all, the situation in the daily is pretty similar to BTC: we're in between the EMAs, rejecting from 26 right now. The bulls need to see a clear break of the Daily Lower Highs, in order for the bulls to have a hope in reversing this trend. For BTC this is right now the 6850 range, for EOS 10.9.
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.
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