Let us see some key points:
- "As the symmetrical triangle extends and the trading range contracts, should start to diminish. This refers to the quiet before the storm, or the tightening consolidation before the breakout." This point can be clearly verified by looking at the indicator, has dropped significantly and it is in consolidation mode.
- Flow indicator is above Zero which means .
- is still and needs more time for any clear signal.
- is moving between 40-50 zone.
15 mins chart for a better view for day traders.
Also, Keep in mind that the price of EOS will be severely affected by the price movement of BTC .
P.S: This is not an investment advice, and i am just learning. This is for educational purpose only. Invest you capital at your own risk.
Those who wish to achieve greatness,
never seek for permissions.
They follow what their heart says,
and do what their mind states!
Good luck trading.!