ForecastCity
Long

There is a possibility for the beginning of an uptrend in EOSUSD

BITFINEX:EOSUSD   EOS / Dollar
There is a possibility for the beginning of an uptrend in EOSUSD
Technical analysis:
. EOS/US Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 51.
. While the price downtrend in the daily chart is not broken, bearish wave in price would continue.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (3.1360 to 2.1785). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (3.1360)
Ending of entry zone (2.1785)

Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:

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I like your analysis, very much. Thank you for this and your time!
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ForecastCity Koorosh_FX
@Koorosh_FX, You're welcome. I would like to know if you have any idea about this pair?
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It will go up soon! toward the MARS!

;-)
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ForecastCity Forecast_Crypto
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@ForecastCity always enjoy your posts. You are one of my favorite analysts!
+1 Reply
ForecastCity Alexander_007
@Alexander_007, We appreciate your kind words and support.
I'd like to know if you have any idea about this pair?
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