hedgewithcrypto

EOS - Buy Opportunity - 80% ROI - 20:1 Risk/Reward

Long
hedgewithcrypto Updated   
BITFINEX:EOSBTC   EOS / Bitcoin
Further to my last update on EOSBTC, EOS has made a 100% ROI from the initial break out pattern.

For the next profit target, we have to go way back when EOS was first listed on Binance. This means there is still opportunity for EOS to keep rising towards this projected target!!!

There have been numerous smaller time frame break out opportunities along the way to join this price surge if you didn't get in early. I wouldn't rush in with a full position size just yet. Wait for a retracement back to the consolidation zone or keep entering on smaller time frame break out with trailing stops.

Enjoy.

Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Comment:
EOSBTC has over-extended the smaller pattern target. Let's wait for a pullback
Comment:
Breakouts on the 15min chart. Wait for a re-test of the consolidation zone if you missed the entry.
Comment:
Breakout target his on 15 min chart. No sign of retracing to add to position. What a run!
Comment:
Price has retested the consolidation zone. Next move towards target #2 with stops below the recent consolidation zone (trailing) to lock in profits

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