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RegideTrader
May 1, 2018 8:39 PM

EOS trade setup Long

EOS / DollarBitfinex

Description

EOS entered a consolidation, made a bullish div on the hourly /30min. Now looks like its breaking up in a triangle. Good r/r setup here. Entry/stop in chart. Target is .382 and .5 to be safe. This Could also be continuation of the longer uptrend in anticipation of the mainnet launch, but we could also go for a B leg here and then enter a C wave. Im taking profits at the fibs.

Comment

1st targ hit sold half

Comment

sold 25%, stop loss moved up to just below 18$

Comment

wow did not expect the move to be that sharp, but we are extended. almost t2 hit

Trade closed: target reached

Comments
Sirilou2
wow. amazing analysis. next target???
RegideTrader
@Sirilou2, thank you. i dont see a clear pattern emerge yet, but im actively trading EOS. will post if i see another setup!
guillesh
great!
RegideTrader
thats a huge hidden bull tho
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