Hey guys,

Back to the grind this morning after a pretty lacklustre Monday across the @forexbrokr socials. It wasn’t even like I couldn’t be bothered on a Monday, things just go away from me and before I knew it, I was out of time.

Sunday night I blogged about EOS sitting at resistance after retesting it previously as support on the daily. Now with this little bit of Bitcoin positivity that we’ve been seeing, EOS finally cracked back into line with big daddy, ticking above its own most relevant higher time frame support/resistance zone.

This is what we were looking at on the weekend:

EOS/USD Hourly

This is what we’re looking at now:

EOS/USD Hourly

Looking at where each cryptocurrency USD pair is in relation to BTC/USD is an interesting way of looking at crypto markets.

With everything still following BTC up or down, all of the support/resistance zones tend to line up and there is definitely opportunity to be found in looking for the outlying markets.

Does anyone use this in their trading? I’d love to hear from you if you do!

✌🏻.

Return from EOS Kicks Back in Line with BTC Above Support. Opportunity for an Outlying Strategy? to forexbrokr's Web3 Blog