The break of the tightening Descending Triangle came crypto friends -as Edgy has been calling since Sunday -but we're still upholding the previous bottom region of the purple box at $9,4k. Since we're completely crushed on the Hourly RSI, it is currently normal for the bulls to show some reaction.
But watch out: If the bulls can keep $9k, they could still further tighten on the Weekly between 9k and 11k:
Conclusio: The bears have to show some clear follow-through and break of $9k psychological, in order to dominate the next couple of weeks or even months.
If you're interested how I personally played the short break with EOS/LTC/ETH and made amazing profit: it's linked underneath. You can learn this too.
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
But watch out: If the bulls can keep $9k, they could still further tighten on the Weekly between 9k and 11k:
Conclusio: The bears have to show some clear follow-through and break of $9k psychological, in order to dominate the next couple of weeks or even months.
If you're interested how I personally played the short break with EOS/LTC/ETH and made amazing profit: it's linked underneath. You can learn this too.
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
