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EOSETH may fall even further
Ever since the bitcoin crash in late Dec, EOS hasn't performed. There wasn't any top reversal pattern, yet such is the market.
In the last few days
The first suggests that we're in bearish territory already.
The second means we're probably not having a cup & handle pattern.
What's particularly worrisome is that we haven't seen a bounce even after a 50% fall. This possibly means deeper & faster drops may ensue. I'm unsure whether to sell at this point. It appears that the best opportunities have passed.
In the last few days
- the weekly and monthly EMA have crossed.
- EOSETH has fallen below 0.5x of the previous rally.
The first suggests that we're in bearish territory already.
The second means we're probably not having a cup & handle pattern.
What's particularly worrisome is that we haven't seen a bounce even after a 50% fall. This possibly means deeper & faster drops may ensue. I'm unsure whether to sell at this point. It appears that the best opportunities have passed.
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