EOSBTC Emerging 1D Death Cross

The pair has been consolidating this past month around the 1D MA200 (orange trend-line) and below the 1D MA50 (blue trend-line). A Death Cross is close to forming on 1D (when the MA50 crosses below the MA200) and that is consistent with all price actions prior to such Crosses since the April 2018 market top.

Every 1D Death Cross has made a Lower Low within the 1.236 - 1.382 Fibonacci extension zone. Currently that is just above 0.00005. Do you think that is a realistic target?



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