EOS - Correction Short

Waiting for a 11.823 level.

Comment:

Price almost reach the target zone, but not 11.82 (support ending zone). Possible second wave like zig-zag to 11.72 - 11.65. Now I will be carefully and watch price action to take decision.

Anyway soon 1H MA crossing and big movements coming. If price going upper - Im happy and can enter in any time with target around 13.5-14.4. If price going under - I will update this trade.

Keep in mind that BTC market reject resistance and now we can go to 7280 or 7040 or 6920. Or create consolidation for B-wave movements to 8200-8300 zone.
BTC is important because he is indicator now for all crypto.

About news - Huobi announce starting of crypto ETF from 1 june for retail and institutions investors.

Comment:

Reasons to be carefully.

Comment:

Touch top line resistance. Also 1H Stoch overbought and in rising wedge. Also 1H MA need to be crossed (possible moving lower).

Comment:

I did not enter in the position. Because situation was unpredictable and Im waiting MA 1H crossing before initiate new trade. I mean we can trade if we see good setup. Without it like Vegas games.
Now chart touch the MA12H resistance.

Trade closed manually

Comment:

Native tokens hype. If you in long position - targets around 14.96-15.05

Comment:

Moving to $12.5-12.6 reversal zone.