EOS/BTC June 20 2019 Bad Day

in #chart5 years ago (edited)

Update from my previous EOS/BTC chart on June 13 2019
ScreenShot_20190620095151.png

looks like it managed to close below the short term up trend line.

here's for the update chart for a short term chart

download (9).png

Keypoint :

  • Short term bounce is expected from the way of indicators look. stochastic is bottom out. Slight bullish divergence between histogram seller and price action as it's made a lower low but a higher low in buyer histogram MACD.
    while overall trend is still bearish from DMI indicator

  • Yellow fibonacci line (fibonacci sequence x 1.618) is expected to be a important support and resistance. the closer recent fibonacci line with the golden ratio fibonacci is expected a heavy resistance and support. break one of those would cause a major movement.

Thank you for your time to read this post and please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.

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