As I showed on the chart, there are inverse head and shoulder as well as double bottom at %61.8 fibonacci retracement.
In technical perspective, the scenario is, if the neckline (thick line) is broke after that pulled back to the neckline then the price would go up about +40%.
EOS has made a bullish gartley pattern. The important point of this trading is, not to forget the level of stop loss in order to prevent huge losses.
Entry price: Free
Target 1: 9.34$ (+31%)
Target 2: 10.90$ (+52%)
Stop-loss: 6.36$ (-%10.50)
If you remember the date of 23-05-18, the central bank of Turkey had made committee decisions, the Turkish lira gained about +8% and USDTRY was decreased about -8%. The history repeats, the meeting will affect a decrement upon the value of TRY positively on 24-07-18. However, at that time, if the USDTRY sees the 5s then we can say these conditions as I said.
In the chart, as you can see, there is a bull flag forming. Despite the fall in market and Bitcoin, ETC can make a huge break out.
Stop Loss: 11.90
As I indicated in the chart, Bitcoin will make a decision between up to 8k or down to 7k.
The green trend line and the black trend line are supporting the uptrend. If these are broken, the price will go down fast and devastating. If it is not, the market will continue climbing until 7.9k.
Stop loss: 7525$
As you can see in the chart, the resistance line will be broken soon. Increasing volume as well as the positive RSI tell us EOS has a bullish potential.
Risk/Reward ratio: 3.71
As you can see in the chart, i think that the third correction wave has not completed yet. So the blasting effect of bitcoin (as well as the market cap) can be delayed to the summer.
Nevertheless, when we tested the bottom, we will make a little trip with a nice and cute plane between red (support) and yellow (resistance) lines.
After that we will reach the...