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middleearth1010
Nov 15, 2017 10:10 PM

Head and shoulders (Possible reversal) 

EOS / DollarBitfinex

Description

I see a Head and shoulders forming, and with the volume decreasing, it appears to signal a drop. EOS had a massive gain in the last couple of days, and is likely to retrace before coming back up.

After neckline break, take profits, re-short and cover lower, then re long.
Comments
middleearth1010
It is more visible on the 5 Minute chart. I would recommend if you are long to stagger long orders between 1.20-1.35 ish. I am long term long from 1.12
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