SpartaBTC

EOS local downlink. Potential + 50%

BITFINEX:EOSUSD   EOS / Dollar
Now the price is moving in the local downward channel in increments of 50%. The price is now near support, potentially, if support is confirmed in this formation, you can take a local movement + 50%

Points (zones) of a pivot and potential targets, depending on the reaction of the support / resistance level, I showed on the graph.

Stop Loss below the downtrend line. Which is the support of the channel.
Comment: EOS Downlink. Pivot points. Channel Trading.
When trading, you need to understand that the coin on a global scale is in a downtrend.
Comment: The price has reached the previously indicated important zone - the support of the trend line of the downward channel.
Now everything is being decided. Or potential + 50%, or a breakthrough of channel support and consolidation under it.
Be careful. Entrance to long or short only after confirmation.
Trade closed: target reached: EOS / BTC + 80%
If the price fixes above the resistance of this local channel (which has become support), then the potential for price growth to the downtrend line of the main channel (resistance).
Trade active
Comment: The price moves above the resistance of the downtrend of the downtrend channel .
Perhaps the canvas of the rising flag is being formed - the maximum goal is the resistance of the downward channel of the main trend.
If, nevertheless, the price cannot convincingly consolidate above the previous channel, then a possible price movement down into the previous channel of accumulation.

Zones ( pivot points ) for observation, and price levels I indicated on the chart.
Comment: +105%
Trade closed: target reached: All goals are taken. From the first entry point + 140%
We observe how the price will react to the main resistance of the main trend (resistance of the downward channel). If the price consolidates above it, as I wrote in the trading idea, a reversal of the main trend.
Comment: The instrument clearly moves along the local channel inside the global downward channel.
Comment:

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