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EOSBULLUSDT Ascending Channel (Target & Support Levels Mapped)

Here we have the Binance instrument EOSBULLUSDT (EOSBULL), which is a 3X Long on EOS Token, let's take a look at the chart.

First, we can notice the ascending triangle which we also saw on GXSBTC. This pattern can lead to a bullish break.

The RSI is strong and the MACD allows for bullish action.
We also have a "V shaped" bottom with high volume ... These signals are pointing to the bulls taking the lead.

All the targets and support levels are marked on the chart.

Remember to have a plan/strategy (know what you are doing) before you trade.

Thanks a lot for reading.

Namaste.
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Comments

Hi
I just got acquainted with this currency. Thank you for your patience
Reply
good idea
Reply
hi to you. thanks for sharing . i have a question about 3x bull token . this token is good for hold? when eos was $5 , eos bull was at $2399 . i want to know if eos touch again to $5 . eos bull reach to $2399? thanks before
Reply
juarney aminnima_908
Reply
creativenahan aminnima_908
@aminnima_908, no its depend on eos token if eos token going 5% up then eos bull will go 15% up (because of its a 3x leverage token)
+1 Reply
terguner aminnima_908
@aminnima_908, well actually there is not a such proper answer for this. these tokens contains base supply like eos eth and it rearranges it at the end of the day or after every%10 move.
Basically eosbull can see 40000 usd again. right at 24.08.2019 it was. but it depends and corrolated to market moves. i advice you to search for ftx.help and learn how these tokens work. they can lower their supply or vice versa. they rearrenge it for not to be liquidated. and also reinvest some of their profit to the base supply to maximise their profits.
to me at 2 3 4 5 usd ther is nothing to lose if you call it a gamble without TA, how much can i loose 300 box 1000 grand? but the potential of earnings are much much much bigger.

https://help.ftx.com/hc/en-us/sections/360006086172-Leveraged-Tokens
+1 Reply
@terguner, thanks bro your descriptions was perfect. my entry point was at $4 .
for example if this token reach to $200 can i sell it and earnings $200?
thanks bro
Reply
terguner aminnima_908
@aminnima_908, yes if it reaches 200 usd you can sell it for 200 usd.
You can check price info history https://ftx.com/tokens/eosbull
+1 Reply
@terguner, thanks bro
Reply
terguner aminnima_908
@aminnima_908, yourwellcome.
+1 Reply
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