Bitcoin and EOS Analysis: BULLS MAKE AN APPEARANCE

Bitcoin and EOS Analysis: BULLS MAKE AN APPEARANCE

By Workin | Technical Analysis | 28 Mar 2019


Bitcoin has broken back above $4,000, currently trading around $4,020 on Coinbase. It also appears to be approaching the upper resistance line of a larger wedge.

190903265-b0fb1440ca017db4143e49fb847c22e72692291a3fcae698b054d0b0166987e3.png

Shorts have been rapidly dropping while longs are slowly rising.

190903265-ca54f7ed152d722e4e0d8911ea599e0f1546481b685bc435c0030b4e1b8c11a3.png

190903265-35030d6fe337950c1262db9f9336a47ed48184e85b914b4dcc5d495296d540e1.png

Looking at EOS, we can see it broke up and out of the wedge it had been consolidating in. It’s approaching the prior high around $4.53 and showing signs of a possible double top.

190903265-9f650f48dd506836808e6acd6c4683c8c63a8cc63095a3ef3130d6870636fe7f.png

In today’s analysis I discuss where prices may be heading next, traps to avoid, key areas to watch and so much more. I hope you find it helpful.

Video Analysis:

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!

Workin

If you found this post informative, please:

upvote.gif

Open an Account on Binance here:
https://www.binance.com/?ref=16878853

Support the Crypto Ecosystem with Brave Browser:
https://brave.com/wor485

Twitter handle is @Workin2005 and Facebook is https://www.facebook.com/Workin2005
Feature Image By: Saul Gravy


Workin
Workin

Crypto: Hated by governments, banks and dictators. Loved by all those who believe in true freedom. Retired airline pilot...full time crypto enthusiast. #Freedom


Technical Analysis
Technical Analysis

Crypto: Hated by governments, banks and dictators. Loved by all those who believe in true freedom. Retired airline pilot...full time crypto enthusiast. #Freedom

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.