I thought eos would slowly fade after the massive pump it underwent and it could pop and drop here but its def something to keep on your radar. We have broken the down trend line and also broke the decreasing bearish vol and now have significant increasing bull vol which is a good sign that we maybe off for another big move. A lot of these coins especially lately have a leg up or two lasting 2 3 days max then they slowly die off for weeks even months. So this isn't a home run by any stretch of the imagination at this point but you could get a nice trade here either short or long if you catch it at the right moment. Me personally I like shorting but I wanna see where it goes and what kind of strength it has before making any decisions. At this point I don't have any positions. I m going to wait for the next pull back and see how it acts at those levels. I wanted to see a break of 110 or 89 for me to go long or short respectfully which we id just get a break of 110 Rsi levels are good rising rsi now
It went above the cloud.
What if it now goes down and then bounces off the cloud?
Playj
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@RaulPuiu, so as it stands now it broke above then back below the cloud. I don't pay super close attention to the clouds on small time frames like this. Its not that I give it no consideration but I much more concerned about price levels and vol than the cloud. Especially since it was coming off the bottom like that Now I would look for an entry on a 50 fib retracement at 1.04 if it appears that were gonna go higher. A lot of times its just a pop and continuation down after massive moves like this so I'm hesistant but I do like an entry between 1 and 1.05. Looks like it may not even drop down to 1.04 looks like 1.07 is lowest at the moment if i see good vol coming in i will take a position if not i will wait for lower entry
RaulPuiu
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What if it goes above the cloud in the next candle?
What if it now goes down and then bounces off the cloud?