EOSBTC on 4-hr Chart
Here I've only looked at Fibonacci Retracement , Trend-based Fib Extensions, RSI, Stoch RSI and EW in the preliminary stage of the developing 2-wave. There is little to support that it may successfully complete the series of 5 waves. However looking at the weekly chart, how bearish BTC is, and especially how LTC reacted yesterday, it is not impossible.
There is a huge resistance at 130,000 satoshi so degree of failure is high.
On a weekly chart there is strong support for the bull :
(1) RSI is at 63
(2) Stochastic RSI fast line (Blue) crossed slow line (Orange) on 12th March and both are starting to tilt upwards
I would appreciate any kind of comments and especially ones that points out errors or shortfalls in my anaylsis
Happy Trading
Here I've only looked at Fibonacci Retracement , Trend-based Fib Extensions, RSI, Stoch RSI and EW in the preliminary stage of the developing 2-wave. There is little to support that it may successfully complete the series of 5 waves. However looking at the weekly chart, how bearish BTC is, and especially how LTC reacted yesterday, it is not impossible.
There is a huge resistance at 130,000 satoshi so degree of failure is high.
On a weekly chart there is strong support for the bull :
(1) RSI is at 63
(2) Stochastic RSI fast line (Blue) crossed slow line (Orange) on 12th March and both are starting to tilt upwards
I would appreciate any kind of comments and especially ones that points out errors or shortfalls in my anaylsis
Happy Trading
Pesanan dibatalkan
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.