EOS succumbs to gravity.
That's EOS taking a nose dive through the cloud at the 30M scale.
This is EOS at the 6H and 9H scales -
The price in both the charts has returned to the kijun-sen. As I'd noted in my earlier post on EOS, a flat kijun-sen attracts the price towards it . It exerts a gravitational pull on the price. The longer the flat line, the stronger the gravity. If there a flat cloud top there, it adds it's own pull.
The cloud top at the 9H chart is also acting as an area of resistance, trapping the price within its kumo.
This can be a good point to enter a trade if you're betting long on EOS. But before you do anything, wait for the price to exit the 9H cloud. If the fall continues, it may signal a trend change. Too early to tell just yet.
Lets wait and watch how this unfolds.
It's going to Get a few base runs Here .....soon Before a Home Run........However as i am sure that Interest wants to be peaked before year end...so the price up will Help....People take notice.......but use caution there will be a calm before the storm next summer......"The Perfect Storm"
Thank You Kindly
Thank You Kindly
Nothing better than a perfect storm to blow everyone away. And you're very welcome.