FX_Academy
Short

EOS (EOS/USD) fractals are telling us the way is down.

BITFINEX:EOSUSD   EOS / Dollar
I have labeled two similar fractals - yellow triangle which represents the top fractal and the blue triangle which represents the fractal in which is the current price action. Yellow fractal's characteristics are that there's a shart down move followed by a cluster after which the price drops. Blue is a symmetrical triangle in which the price bounces as the price consolidates and which there's a significant drop to the next Gann Fan level. If we see a breakout from the downside off of the current triangle I would expect the price to drop to the 8/1 Gann level again which would make a higher low.

Comments

there is very little correlation between those "fractals".
+2 Reply
Spot on :)
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Now what, you missed today with your arrow, will you continue shorting this now?
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aaaaaaaaaand welcome to crypto!
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FX_Academy timothyknight
@timothyknight, Thank you! I've been here for a while now
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Wrong!
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FX_Academy Cryptolightning
@Cryptolightning, right :)
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Other than the fact that they are both symmetrical flags, followed by penant flag. You sir banner a keen eye for the obvious.
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