EOS/USD 12H (Bybit) Hit support, possible bullflag in formation

Mar 10, 2020

EOS is creating a downwards channel, after hitting Fib. 0.786 we are probably going to retest the upper band.
In case of breakout after that, this would be a big bullflag and higher targets would be more than reachable.
This is not a scalp call so don't enter with all your balance, use low leverage and stop to avoid big loss if goes the wrong way!

Buy Entry= 3.086 - 2.920 (Mark)
Take Profit= 3.472 | 3.863 | 4.494 (Last)
Stop Loss= 2.532 (Index)

Risk/Reward= 1:1 | 1:1.83 | 1:3.17
Expected Profit= 15.62% | 28.64% | 49.65%
Possible Loss= -15.68%

Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x

Mar 11, 2020

Trade active

Bounced at 3.005

Mar 11, 2020

Note

All entries reached, price bounced on channel support and formed a double bottom, that's positive! I hope you maintained your position.

Jul 7, 2020

Trade closed: target reached

Totally forgot to update that idea, SL was hit with -15.68% 2 days later.
For new set-ups check Related ideas like that last one:

Jul 7, 2020

Trade closed: stop reached

I meant stopped of course