EOS Double Bottom in the making
Updated
If we see a bull flag form the coming hours as you can see on the right, than it will become very likely that it makes another jump up, with a target around 7.0ish. The flag really needs to hold, otherwise it can become another lower high.
Similar a bit to btc staying above the 7750ish and form a bull flag as well. There are more alts that have a similar shape as this one.
Similar a bit to btc staying above the 7750ish and form a bull flag as well. There are more alts that have a similar shape as this one.
Note
For the ones still in it. Still can't say if there is more potential or not than the target of the double bottom. For the ones who consider it as a day trade, i would take at least partial profit. I don't like the fact that it's taking time before reaching the target. Usually with a double bottom it goes much faster. Or use the low we just made as a stop if you don't want to get out now but still want to protect profits. I don't think there is a bad play here. Only bad thing you could do, is letting it become a loss
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.