TimurKuspanov
Long

EOS. The trend continues

BITFINEX:EOSUSD   EOS / Dollar
Since people liked the analysis of the EUR/USD             pair, I decided to continue. Also pleased me the number of views. And so the short-term trend is still upward. This time I decided to conduct a quick wave analysis and the nearest targets. Seems to have formed a triangle or pennant . Goals for him marked on the chart. In General, I like it with my triangles. We are also in a bullish Andrews ' pitchfork . Breaking it will tell the beginning of the correction and the trend break.
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Comment:
obliged to provide you standard drawing Andrews ' Pitchfork. In this case, we have a common trend channel. This option is also worth considering
Comment: in connection with the latest update of the idea of bitcoin, I will say that this pattern is only included in the breakdown. It may fail
Trade active: Breakout?
Totally wrong mate. You cannot just join any three points and rather you need to connect three pivot point.
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TimurKuspanov rkerketta1986
@rkerketta1986, Yes you are right if judge trend in General. But I have experience in building the Pitchfork and in this particular case it is built for wave analysis. The emphasis is on the median itself. But if you ask, I will present the standard construction
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So basically you're saying that D has not been touched yet and for the short term we will be testing upper trendline while BTC is testing 8600?
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TimurKuspanov ShounakShetty
@ShounakShetty, Yes, I think I got you right. But I do not recommend trading inside this triangle
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