Looks like EOS has shown a breakout from consolidation and then an S/R flip around the 4.85-5 area. This could lead us to fill in the gap from the large liquidation candle from last week. R/R is around 3 and 6 for these respective targets.
100 trades crypto series
Starting date: 9/August/2021
Starting capital: $500
Capital at present: $583
Trade nr. 14
(all trading ideas in the series with commentary and outcome can be found on my profile)
As bitcoin sentiment turned a little bit to the bearish side all my today's trades were SHORT.
Also I was luck enough to catch the BTC market cap...
Since the Black Thursday event in March EOS has been in the $2.25 - $2.85 range, coiling up for an impulsive move.
We just broke the resistance of $2.85, the next area of confluence looks to be around $3.50.
On the daily chart, EOS is looking to swing up to the May 2019 downtrend.
It can be possible EOS can break the downtrend, but I’m just looking to get up to...