trayder1

EOSBTC Short, but grab quickly before it MOONS from there.

Short
trayder1 Updated   
BITFINEX:EOSBTC   EOS / Bitcoin
EOS has formed inverted cup and handle and if it breaks Support 1, it may go down till Support 2 (Technically it should go till Red Line, but being fundamentally strong, I doubt it will), which is previous resistance.

Also MACD is trending down.

But zooming out on chart, is a huge HUGE Cup and Handle meaning it won't be too long before it bounces hard.

Do your own research before considering this.
Trade closed: target reached:
The current fall forms Handle for Cup (Zoom Out fully to see the cup). Buy in between 0.00075 to 0.00081 approx. This is going to moon.
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.