We have our second consecutive ascending triangle on EOS.
Demand Catalysts:
Speculation around a potential airdrop from Blockone for their social network on June 1st.
Trend:
Confirmation triggers 250+ day highs.
Chart Pattern: Ascending triangle
Confirmation:
Add on 3-day a close above .00107
Bust:
Cut on close below .0009
Target:
.00135 at highs from last winter and measured move of ascending triangle
Additional Stops:
2x 20 atr
25 day lows
Demand Catalysts:
Speculation around a potential airdrop from Blockone for their social network on June 1st.
Trend:
Confirmation triggers 250+ day highs.
Chart Pattern: Ascending triangle
Confirmation:
Add on 3-day a close above .00107
Bust:
Cut on close below .0009
Target:
.00135 at highs from last winter and measured move of ascending triangle
Additional Stops:
2x 20 atr
25 day lows
Trade active:
Triangle confirmed a close above .00107 at .0010725 and breaking out now.
Comment:
Daily triangle isn't busted, but the breakout failed on a confirmation of the daily. Moving the goalposts to the weekly. Weekly close above .00107 confirms ascending triangle breakout to the upside while a close below .0009 makes is a bust.
