EOS / EthereumShort
EOSETH - Symmetrical Triangle - Breakout?
As you can see a large symmetrical triangle is being formed. You have some things going for you. ETH is rising and it has been a crap overall week which could help break the triangle upwards just overall to help the current situation. IF it does go up to 0.0110 - 0.0115 range I would be prepared for a drop down to .099 range afterwards.
Pay attention towards the end of the traingle
-Does StochRSI turn around to 30-40 range?
-Does MACD support claim
-Can it crack the 200 MA (very strong resistance)
-Does the volume trend upwards momentum or is there small buys
Upwards TRENDING momentum (stay in or buy)
Small buys no real volume prepare to sell towards the end of the triangle
What I would do:
- If you are already in set a stop limit "stop @ 0.0102" "limit @ 0.095"
Pay attention towards the end of the traingle
-Does StochRSI turn around to 30-40 range?
-Does MACD support claim
-Can it crack the 200 MA (very strong resistance)
-Does the volume trend upwards momentum or is there small buys
Upwards TRENDING momentum (stay in or buy)
Small buys no real volume prepare to sell towards the end of the triangle
What I would do:
- If you are already in set a stop limit "stop @ 0.0102" "limit @ 0.095"
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