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FedericoSellitti
Aug 5, 2018 11:15 AM

EOSUSD - Trading the Breakout of the Support Short

EOS / DollarBitfinex

Description

EOSUSD
The price reached a support in area $7. I know that many traders are suggesting to buy now, but I still have a bearish outlook.
Reasons: setup of the moving averages and short-term downtrend (3 weeks so far).

Trade closed: target reached

Super Trade on EOSUSD with a good 30% in one week!
Comments
yanbuchanan
you mean breakdown* lol
FedericoSellitti
@yanbuchanan, a breakout is any movement outside a defined support or resistance ;)
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