If we look at the 4H chart, we will see a local downtrend. The price dropped below the local uptrend line, SMA100, and SMA200. We have lower swing highs and lows.
The market gives us a trend reversal signal based on a bullish divergence.
If the price breaks the local downtrend line, it will give us a new buy opportunity. Stop orders for long trades should be...
THE REPEAT OF THE BULLISH FLAG PATTERN.
We have always explained what a bullish flag pattern is and how it looks like. A quick review on what a bullish flag pattern is and what to expect before a major breakout will happen.
Flags appear as small rectangles usually tilted against the prevailing price trend and mounted at the end of a flagpole. If you don't have a...
If the price will approach the Support/Resistance Zone it will be Buy situation.
But the target should be not far because the trend isn't bullish.
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hey guys good day heres a chart for EOS
We seem to be undergoing correction for wave (a) impulse and morphing wave (b) at current prices
We could have one more leg down however at $3.5 but over all this looks very good!
What a month a January was, wohoo! I hope you guys held, and sold at good profits :)
I was surely off on some of the fractals of the January, and the patterns was a lot stronger.
We did hit our expected FIB correction price.
No, so what is up with February: It comes down to if either 3-5 or 1-2 bull rally.
Depending on that we are going to have a few...
Timeframe: 4H
Entry: LONG
Reasons:
- Hidden bullish divergence on the Stoch
- Price near support level
EOS is holding really well despite the recent drops in crypto
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (4.3860). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EOS/Dollaris in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support....
EOS was recently rejected from the long term upper trend line, but continues to look decent enough despite the recent dump, with ETH and BTC ratios showing potential. A breakout of the upper trend line with retest is what I'll be looking for.
$EOS crashed 35% since after a cycle high.
Ideally, it needs more time but we found support at the 50% fib of (iii) Meaning this can easily be an (iv) subwave finished. If true, this means that we'll see a swing higher over time. Taking out the current $5.5 cycle high.
And there she goes.
Let it play out...
GOOD LUCK!
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The market gave us a reversal candlestick pattern below the uptrend line and 4.50 support. I used this bullish signal and opened the 1st long position at 4.30 level.
Today, the market is going to confirm the price reversal. If the close price is at the current levels, it will be the bullish candle with the close price above the downtrend line and 4.50 support....
