EOSUSD 4HR Chart - February 21, 2018
Buyers are responsible but not convincing as the action. The price have been consolidating the last few days / weeks.
Now, to get a clear picture, let's consider the 4HR chart, and here you can see how the prices behave.
We are still in a break-out pattern and as long as the bulls maintain prices above the support trunk line, buyers are responsible despite the sinus prism pattern that forms along the support line.
The price will might continue fall to the key support before buyers will take action.
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As people start to educate themselves a little about the market and the manipulation that can be put on coin prices they will become more savvy at making buy decisions. When looking at the charts and bids you can see clear walls and often huge numbers of coin being offered up at that price level. It is a clear ploy to pull the general market population into a buying frenzy and when that happens the general population will usually lose.
I think a correction is healthy. It would be nice to bounce off of the support level with force, so that we can break that key resistance level with some nice volume. A correction was waiting, so I don't mind this at the moment. I just don't want to see the prices break on the support levels right now. The market still might be too unstable to healthily recover from that at the moment.
Agree
It's a good thing for us
Thanks for the information you are giving us. God bless you.
very interesting this graphic ,,, but your recommendation which would be ,,, because many of us are interested in your good opinion?
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Yes, you're right I also think so, but still I can not exactly say about the course Therefore I will not do the analysis yet
nice follow you blog and vote thanks.
informative news, thanks for share.
yes u are right this is true prices will go down:)
Thanks for sharing this information :)