Steffro
Long

Finally I'm Long!

BITFINEX:EOSUSD   EOS / Dollar
Target: 25.7$
When: Late August

Arguments:
- Both Gann Squares are aligned at the same point (Strong indicator!).
- Bullish Gartley /Bat is completed? It's a mix between those two I think.
- Gann fan line is also aligned with the last bottom.

I'll will try to find out where the exact target will be later on.

Make sure you do a stop loss on this one!
Comment: Many of you are probably aware of the descending wedge (I forgot to mention this yesterday). Anyway, currently it is breaking through the upper line. A very good sign!

Comment: Sidekick: Here is my earlier idea on EOSUSD. Yes it didn't reach the target but the Gann square is still valid (look at the blue arcs and how it dodges currently).

Comment: The old idea gives quite good results on copies of the March - April rally. If it holds the blue arcs.

Comment: I think a long position right now should be good one now (a close-up from my idea named "EOS is Tricky"):

Comment: I'm sorry I've been away on this idea. It seems like BTC is stronger than altcoins, and therefore I've been watching BTC instead.

This idea are now getting a bit critical. My strategy is to make sure it doesn't leave the arc at the bottom. This is also a great entry for a long position. Make sure to do a stop loss not that far beyond the outer arc in that case.

Comment: It totally broke through the outer arc now and this idea lost its main arguments! I hope you used the stop loss!

The last support is the trendline, but it doesn't look good at all!
Comment:
Comment: It's all about BTC for the moment and my latest idea on BTC says it will go down next days before eventually turning upwards.

Comment: Even the trend line at the bottom looks weak now...

Comments

Nice vision. I fully agree with you.
+1 Reply
Steffro artkrasil
@artkrasil, I'm glad we're on the same page!
Reply
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