The most overvalued coin in crypto right now is EOS'. This is based on the relationship to it's low from last winter. ETH' is only 16.03% above it's low while EOS' is +890%. I am short EOS:BTC from 0.0008856 with orders set to add as soon as yellow trend line breaks down. That would also confirm the bear flag/head and shoulders that has been forming. I firmly expect it to retest it's lows from last winter, below 1,000 sats' and plan to short it all the way down.
Note
Shorting EOS:ETH' seems like an even better bet. Currently on a green 6 which indicates three more days to the upside. That lines up perfectly with ETH' falling into support and should be around the time EOS:BTC' breaks down the crucial trend support. Trade active
Have started to build my position on EOS:ETH due to the shooting star candle and sharp pullback that followed. Have an order set to add to my position as soon as the trendline breaks down. Stop loss is set at 0.028709.
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emasar Indicator is available for purchase at alphanalysis.io/product/emasar/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.