Falling wedge EOSBTC waiting for breakout

4 พ.ค. 2020

Hey guys, Eos has been downtrending for a while. We are currently in a falling wedge and have found support at 3100 which is also a triple bottom. RSI is very low indicating sellers are exhausted. Bollinger bands are squeezing which looks like we are ready to make a move. If we breakout of the wedge then i will be taking a long position. If support doesn't hold here then perhaps a short position. Just my thoughts, this is not trading advice.

5 พ.ค. 2020

บันทึก

Breaking out right now.

6 พ.ค. 2020

การซื้อขายยังคงดำเนินอยู่

My upper trend line was a little off which I have updated now. We are pushing against resistance which isnt good but we are getting closer to the end of the wedge so we should expect a squeeze to the upper or lower side anytime soon.