EOSETH - ETH as capitulated and EOS did not

Looking at ETHUSD, we can clearly see a capitulation V bottom with a lot of volume. EOSUSD is still strugling to confirm support at about 4,5$.

In the meantime the EOSETH ratio is near all-time high.

I short this with a passion and I'll be putting my profit target reaaalllyyyy low on this one as I don't think the EOS bubble is over yet while the ETH bubble clearly is.

We are clearly due to retest the pink trendline, and I doubt it will hold. I'm not sure the 0.008 level will hold either.

No volume, Decreasing momentum.

One think to consider is this EOS trading pair is the least popular: EOSUSD and EOSBTC are far more popular.

Game on.

Komentarz:

Logarithmic MACD is now on resistance and so is the daily RSI.

Komentarz:

I have exited this trade as the opportunity cost is too high. I prefer to short EOSUSD than to short the ratio.