SpartaBTC

EOS/USD Descending Triangle. Reversal zones. Past Idea + 140%

BITFINEX:EOSUSD   EOS / Dollar
EOS / USD the local uptrend changed to lateral movement from the pivot zone (downtrend resistance), thereby a triangle began to form. The price is clamped.

Now there is no entry point, but there is only an interesting situation for observation.
Entering the market only in cases of breakdown or pullback after the breakdown of the resistance / support of the triangle. The coin allows you to work on the market both short and long.

In cases of breakdown up, he will act as the canvas of the ascending pennant . Its target are the resistance of the main channel (red line). Overcoming it and consolidating above it will mean a reversal of the main trend to the upward one. Now the main trend is still downward.

In the event of a breakthrough of the support of the triangle, a downward triangle will be confirmed - the goal of the previous support in the region of $ 1.50. This zone may become a reversal as in the past.

Past trading ideas EOS / USD.
Profit exactly + 140% from the minimum to the maximum of the reversal zones.
EOS local downlink. First Potential Move + 50% Dec 6, 2019


+ 80% If the price consolidates above the resistance of this local channel, the potential is to the line of the downtrend trend of the main channel.


EOS / USD Price above the channel Formir. flag canvas Previous idea + 80% Jan 27 2020


All targets taken with sniper accuracy + 140%
From the resistance of the main trend line (observation zone), the price reversed.

Comment: The price has broken through the resistance of the descending triangle. A local uptrend is developing. The first target is the resistance line of the main trend. If the price manages to gain a foothold above it, the main trend will reverse.
Trade closed: target reached: 1 TARGET +50% Possible complete reversal of the main downtrend.
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