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 the high confluence area with the upcoming resistances.
Since I entered this trade at $2.86 yesterday, EOS has gone up 5%, so I am going to move my stop loss to my entry to make this a free trade!
Target is $3.50, remember not to use more than 5x leverage.
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 the high confluence area with the upcoming resistances.
Since I entered this trade at $2.86 yesterday, EOS has gone up 5%, so I am going to move my stop loss to my entry to make this a free trade!
Target is $3.50, remember not to use more than 5x leverage.
Trade closed: target reached
I closed out at $3.10 and took profits for a 41% gain.ftx.com/shareable-pnl/published/25497
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.