DrJLT
Long

EOS possible ascending triangle w/ target $15.7

BITFINEX:EOSUSD   EOS / Dollar
Very simple idea:

  • resistance is @ .618 fibo ($10)
  • very likely to retest the support before breakout
  • target is $15.7

Only in the worst surprise scenario can it fall under .382. Risk-reward ratio is good for this one.
Comment: In the longer time frame, a breakout and really Matt be the start of wave 3.
Comment: seems to have broken $10
Comment: ok, that was a fake out, but this actually followed the chart:

we retested the support (as my second point suggested). This makes for a more solid foundation for breakout.

I expect EOS to break out & reach the 15.7 target before Mar
Comment: still no breakout.
I have been holding EOS since November and would love to see at that range again. Thanks for the content my guy
+1 Reply
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