Look guys, this is textbook ascending triangle pattern...
Bullish continuation, despite the downtrend on the alts since a few days, EOS is holding greatly and showing positive signs.
We cannot completely forget the idea of a breakdown of the triangle, that would be a very bad sign, hence the need for a stop loss!
Cut your losses quickly my friends !
Other than than here is what I see:
- Volume going down
- Stoch RSI as well.
- RSI stable or down
- Double top formed on point B and D ... next top will POP!
- Strong support level on the bottom of the triangle
Ready to take up to +50% profits? OK follow this:
1) ONLY buy AFTER the breakout is confirmed
2) Take profits on different levels 14-15-16-17-18$
3) You can set a stop loss trailer to make sure you secure your profits.
4) and most importantly: Do not trade more than what you're ready to lose!
Please, follow me on twitter for more Technical Analysis: twitter.com/Blockchain_rekt
Keep you posted.
DISCLAIMER: Cryptocurrency trading/investing involves substantial risk of loss and is not suitable for every investor. The valuation of cryptocurrencies may fluctuate, and, as a result, clients may lose more than their original investment. The impact of seasonal and geopolitical events is already factored into market prices.
If the market moves against you, you may sustain a total loss greater than the amount you deposited into your account. You are responsible for all the risks and financial resources you use and for the chosen trading system. You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent advice from your financial advisor.
All trading strategies are used at your own risk.
Bullish continuation, despite the downtrend on the alts since a few days, EOS is holding greatly and showing positive signs.
We cannot completely forget the idea of a breakdown of the triangle, that would be a very bad sign, hence the need for a stop loss!
Cut your losses quickly my friends !
Other than than here is what I see:
- Volume going down
- Stoch RSI as well.
- RSI stable or down
- Double top formed on point B and D ... next top will POP!
- Strong support level on the bottom of the triangle
Ready to take up to +50% profits? OK follow this:
1) ONLY buy AFTER the breakout is confirmed
2) Take profits on different levels 14-15-16-17-18$
3) You can set a stop loss trailer to make sure you secure your profits.
4) and most importantly: Do not trade more than what you're ready to lose!
Please, follow me on twitter for more Technical Analysis: twitter.com/Blockchain_rekt
Keep you posted.
DISCLAIMER: Cryptocurrency trading/investing involves substantial risk of loss and is not suitable for every investor. The valuation of cryptocurrencies may fluctuate, and, as a result, clients may lose more than their original investment. The impact of seasonal and geopolitical events is already factored into market prices.
If the market moves against you, you may sustain a total loss greater than the amount you deposited into your account. You are responsible for all the risks and financial resources you use and for the chosen trading system. You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent advice from your financial advisor.
All trading strategies are used at your own risk.
Note
Short update:- Trade is ON in my opinion, strong volume incoming
- The breakout was loud and clear
- We'll hit the first TP at $14 relatively soon in my opinion for a +16% already.
Let's follow our plan.
Note
TP1 @ $14 reached.Keep going baby!
Trade closed: target reached
Bammmmm!
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.
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.