- We have EOS/USD strongly bearish from july 2017. It follow a major downtrend line that has been tested yesterday at 0.85$
- There is a support at 0.5$ which was tested 3 times on the past days before breaking up.
- If indicators are showing mixed signals, on the 4h chart we still are bullish, with macd and rsi bullish.
- Volume is rapidly increasing
- We are now looking at this descending triangle to break up.
- The Ichimoku is turning bullish with tenkan/kijun cross ; Kijun/lagging span cross is a good bullish indicator too; last we got EOS/USD entering the cloud with no rejection
(price is currently consolidating inside the cloud), In the past we had strong rejection of the bearish cloud. This increase my bullish view.
- On the breakout we have a good opportunity to go long until 1.2$, the next major resistance.
- If this descending triangle breaks down, we will probably retest the 0.5$ support.
- I think the break of the 0.9$ is a safe way to enter on this trade.
Let's see how it happens :)
Do not forget :Don't invest money you can't afford to lose and happy trading !
- There is a support at 0.5$ which was tested 3 times on the past days before breaking up.
- If indicators are showing mixed signals, on the 4h chart we still are bullish, with macd and rsi bullish.
- Volume is rapidly increasing
- We are now looking at this descending triangle to break up.
- The Ichimoku is turning bullish with tenkan/kijun cross ; Kijun/lagging span cross is a good bullish indicator too; last we got EOS/USD entering the cloud with no rejection
(price is currently consolidating inside the cloud), In the past we had strong rejection of the bearish cloud. This increase my bullish view.
- On the breakout we have a good opportunity to go long until 1.2$, the next major resistance.
- If this descending triangle breaks down, we will probably retest the 0.5$ support.
- I think the break of the 0.9$ is a safe way to enter on this trade.
Let's see how it happens :)
Do not forget :Don't invest money you can't afford to lose and happy trading !
Trade active:
broke the resistance line yesterday
Trade closed: target reached