BITFINEX:EOSUSD   EOS / Dollar
On the daily chart of EOSUSD , the price has changed its trend direction according to Bill Williams` trading strategy (above the Alligator indicator with AO above the zero line). Also, a bullish fractal is forming, breakout of its level would be an optimal level to open long positions. Take profit level is 1.68 of the previous impulse and corrective waves.
We have an opposite outlook. The price was rejected under the technical selling pressure of the 0.786 Fibonacci retracement level and should make a quick test of the 4.6650 support, followed by our target: 3.8925

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AlexStanilevych InvestingScope
@InvestingScope, The idea was to enter the market if there is a breakout of the fractal. Currently, the signal gets washed away.
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InvestingScope AlexStanilevych
@AlexStanilevych, understood. Thank you for sharing that idea on the fractals.
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hahaha you are so funny
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@RickyParker, Which part?
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