Updated
EOS Token Falling Wedge | Two Strikes | Where To Next?
EOS Token (EOSU19) is now trading within a falling wedge and attempting to break above it as I write this... Here is the setup, our last trade for EOSU19 failed so we now take a second look, ...
We have a falling wedge that is being challenged right now, where you see #3 on the chart.
If EOSU19 can break above this trendline, we can expect for it to easily move higher. A break above EMA10 (0.0003157) would give further strength to this signal.
Now, if EOSU19 fails to break this trendline, we can expect for it to move lower before another try at breaking up.
Chart signals:
I still don't have a trade for this setup but will keep an eye on it.
Thanks a lot for reading this content, I/We appreciate your support.
Namaste.
We have a falling wedge that is being challenged right now, where you see #3 on the chart.
If EOSU19 can break above this trendline, we can expect for it to easily move higher. A break above EMA10 (0.0003157) would give further strength to this signal.
Now, if EOSU19 fails to break this trendline, we can expect for it to move lower before another try at breaking up.
Chart signals:
- Low volume; green volume bar coming up.
- MACD starting to curve.
- RSI curving up after hitting oversold.
- All these are early signals.
I still don't have a trade for this setup but will keep an eye on it.
Thanks a lot for reading this content, I/We appreciate your support.
Namaste.
Trade closed: target reached
Perfect hit!Thanks a lot for the support.
Namaste.
Note
Full trade now available for EOS Token (EOSU19): ![[EOSU19][8X][LONG][314.% ROE] High Risk, High Profits Lev. Trade](https://s3.tradingview.com/s/S4DeO6V8_mid.png)
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🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
Related publications
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.