EOS forms double top after neckline break
Hey guys, first of all to my American friends: Happy 4th of July! Freedom & Independence are very important. It was freedom from the government that has started the Bitcoin project. And many other peoples of the world still wish they had the independence that the Americans are celebrating today.
EOS has now formed a double top at 9,44 (important previous support line), after yesterday' consolidation: Exactly like I predicted in yesterday's idea, we broke the neckline of the H&S pattern at 8.9 and touched exactly the 4H EMA at 8.5, which was the previous resistance line. => I will be talking about this in today's episode of the 'Crypto Chart Analysis', make sure to watch it! ;)
Of course this gives us now the potential of an equilibrium playing out, with 9,44 as resistance & 8.5 as clear 4H Higher Low. It will heavily depend on grandpa BTC, who right now reached his Daily Lower Highs at 6.800, which was an important resistance previously. On the Daily we're clearly rejecting from EMA 26, while Bitcoin is still holding it.
If you had some value from my analysis, please like & subscribe, I will be doing those daily from now on. I wish you good holidays & trading! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
EOS has now formed a double top at 9,44 (important previous support line), after yesterday' consolidation: Exactly like I predicted in yesterday's idea, we broke the neckline of the H&S pattern at 8.9 and touched exactly the 4H EMA at 8.5, which was the previous resistance line. => I will be talking about this in today's episode of the 'Crypto Chart Analysis', make sure to watch it! ;)
Of course this gives us now the potential of an equilibrium playing out, with 9,44 as resistance & 8.5 as clear 4H Higher Low. It will heavily depend on grandpa BTC, who right now reached his Daily Lower Highs at 6.800, which was an important resistance previously. On the Daily we're clearly rejecting from EMA 26, while Bitcoin is still holding it.
If you had some value from my analysis, please like & subscribe, I will be doing those daily from now on. I wish you good holidays & trading! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Feragatname
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