ThinkingAntsOk
Short

Short Scenario on EOS by ThinkingAntsOk

BITFINEX:EOSUSD   EOS / Dollar
Use this as a guide to develop your own setup

Today we will focus on the Daily chart , Main Items we can see there:

a)Price is below the ascending trendline
b)A corrective structure was formed finding resistance on the broken ascending trendline
c)The fact that the price couldnt re enter to the ascending trendline zone, is a good signal for the Short Thesis
d)Currently we can see an expanding channel that gives us an idea of the possible movement of the price
e)We Think that the current structure is a good spot to look for short scenarios, like trading the breakout
f)If you are planning on taking this trade, look for final arraegments on a lower tineframe, like 1h/4hs
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