EOS Long term setup
Updated
Hello everyone, if you like the idea, you can support with a like and a follow.
By drawing the fibs from the last crash to our last bottom as a reversal movement from the crash we can expect to retest areas as 0.5 fib and 0.618 fib.
We are currently having resistance from the 0.236 fib while we are inside a small bullflag.
The important support in the chart as you can see are the 5$.
With a brekage of this level the whole image changes to a more bearish sentiment.
Targets:
Long Term 0.5 and 0.618 fibs.
Short Term 6.4$ with a successful break of the bull flag .
Don't forget to protect yourself with proper Risk Management this is the key to winning!
Information provided is only educational and should not be used to take action in the market !
Feel free to ask anything in the comments or send me a message !
Thank you for reading my post, have a great day !
By drawing the fibs from the last crash to our last bottom as a reversal movement from the crash we can expect to retest areas as 0.5 fib and 0.618 fib.
We are currently having resistance from the 0.236 fib while we are inside a small bullflag.
The important support in the chart as you can see are the 5$.
With a brekage of this level the whole image changes to a more bearish sentiment.
Targets:
Long Term 0.5 and 0.618 fibs.
Short Term 6.4$ with a successful break of the bull flag .
Don't forget to protect yourself with proper Risk Management this is the key to winning!
Information provided is only educational and should not be used to take action in the market !
Feel free to ask anything in the comments or send me a message !
Thank you for reading my post, have a great day !
Note
Bullflag target reached
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