What's Wrong With EOS chart? Is it Flag?

Hey everyone!

I accidentally closed my previous EOSUSD idea, which you can find below in "Related Ideas". So I'm going to start a new one.

As you can see we are going exactly as I predicted. We went up to our resistance zone at around 14.5 USD. And we are stuck here for a couple of days already. It is an important mirror level. But I actually had a hope that we can easily go through, as the launch of mainnet is really bug event.

Although, we might have a bullish flag here, I don't like last candles, they are almost doji, someone is obviously pushing price down, take a look at this long shadows.

Stochastic is almost oversold, and we don't have trend movement yet.

For now, I'll keep my longs, but I wanted to increase my EOSUSD position. It's not a proper time for doing so right now. I will better wait for the EMA to cross and leaving 14.5 USD resistance level.

Don't take risks, wait for the confirmation of trend.
Please leave a like and follow, let's make money together!
Thank you!

تعليق:

As I warned you guys, we might fall down. That's what happened. Im closing my longs in a small profit and waiting for the confirmation of trend! On 6H chart, two last red candles swallowed half of previous movement. The only hope is for the EMAs support line. 6H AO is above 0 but turned red 18 hours ago.
Being out of the position is also position. Will keep you updated!

Don't take risks, wait for the confirmation of trend.
Please leave a like and follow, let's make money together!
Thank you!