Attempting to map out EOS's path for the remainder of the wave pattern. Added the correction (attempted not the best at correction waves). Feedback is much appreciated!
This is an ascending triangle. Here is some details about trading it from a book called: Trade Chart patterns like the pro's, by Suri Duddella
Trade:
Trade a clear breakout of the top trend line. Enter a "long" trade one tick above the high of the breakout bar. Confirm the breakout by volume or other indicators.
Target:
"Ascending triangles" have excellent...
Hi guys,
with BTC all go down. If BTC holds hovering above 4100 USD this could be the very bottom according to price movement measured with a trading volume. There is only one volume indicator on my 3H chart due to restrictions of the platform but I used more and all give the same information - with every other fall in price the volume is falling down too. Also on...
EOS stopped bleeding and did an initial upward movement, retraced to the uptrend line and is building up momentum horizontally to leave the giant triangle it has created. Market still low momentum and very bearish.
Entry points for long trades area between 1.34 and 1.36. Resistances at 1.4, 1.5 and target at 1.65 and 1.85. Long term targets are 2.18 and 2.51.
The price dropped to the support zone near the bottom border of the horizontal price channel. We have a bullish candle confirming that the market bounces from 1.60 level. RSI confirms price reversal. It's buy opportunity. We can place pending orders for buy at 1.71 level with stop orders below 1.47 level. Profit target is the top border of the price channel.
