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EOSBTC looking for the reversal (Short Term)
Following up from previous EOS TA, a possible reversal to the upside may be in play
Opportunity spotted, looking for a breakout to the upside from most immediate overhead resistance on the 50MA (in green).
Clear 3x instance RSI divergence (high highs on RSI, lower lows on Price) indicative of a reversal pattern - compare this against the longer time lines.
Target range from 0.00088000 - 0.00090000 range (38-50% Fib levels)
Will need a to look out for a clear DI crossover with sustained ADX momentum to confirm this move.
This is quite a drastic pullback from the last breakout so risk/reward ratios are quite favourable :)
Opportunity spotted, looking for a breakout to the upside from most immediate overhead resistance on the 50MA (in green).
Clear 3x instance RSI divergence (high highs on RSI, lower lows on Price) indicative of a reversal pattern - compare this against the longer time lines.
Target range from 0.00088000 - 0.00090000 range (38-50% Fib levels)
Will need a to look out for a clear DI crossover with sustained ADX momentum to confirm this move.
This is quite a drastic pullback from the last breakout so risk/reward ratios are quite favourable :)
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