EOS/BTC has been making higher highs while RSI (4H timeframe) consistently made lower highs, meaning the trend is losing strength which is to be expected after such a strong breakout/parabolic move.
I would look for a long preferably in the lower blue box but I really don't know if we can get there. EOS is a fucking monster when it pumps, might have to fish for a bottom after the next retrace.
Note that this alt is mostly traded in USD, which pair is nearing ATH along BTC pair encountering some -minor- resistance at this level. I would definitely expect a retrace soon.
I will update this idea when/if I pull the trigger on the long.
I would look for a long preferably in the lower blue box but I really don't know if we can get there. EOS is a fucking monster when it pumps, might have to fish for a bottom after the next retrace.
Note that this alt is mostly traded in USD, which pair is nearing ATH along BTC pair encountering some -minor- resistance at this level. I would definitely expect a retrace soon.
I will update this idea when/if I pull the trigger on the long.
Nota
Dead wrong on this one, I will update if I find a good entry in the future, I won't touch it until it retraces for some time and reaches a good support level to provide a nice R:R setup.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.