MandMTrade
Long

EOS- Ascending Triangle - Watch Out for Breakout ---> 34% PROFIT

BITFINEX:EOSBTC   EOS / Bitcoin
Ladies and Gentelman we're here to present you the ultimate trading opportunity !

According to the chart, we are able to spot Ascending Triangle pattern on 4H candles which can lead to 34% growth. To complete this pattern, crucial would be crossing the resistance zone showed on the chart.
This analysis looks promissing mainly due to great condition of this particular currency in such uncertain times. We can also spot decreasing Volume during forming this pattern. Volume should drastically increase at breakout. Upward movement is supported by MACD reversing histogram and crossing of the averages.

Fibonacci tool allowed us to state two profit targets:
a) 1st Target on fibonacci 1.272
b) 2nd Target on fibonacci 1.414 which is full pattern projection

Position should be entered above Resistance Zone marked on the chart, aproximetly at @0.00135 with stop loss at @0.0012 and two profit targets 1st @0.001634 and 2nd @0.00182

Remember you are solely responsible for your trading and investing decisions.
Trade closed manually: Trade closed manually due to price breaking the pattern.
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