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Eosbtclong

EOSBTC Potential 36% LONG Team, I've got my eye on this trade if we can break above current resistance. REMEMBER - we need to close up above resistance before this trade is active, otherwise there is a risk of rejection and breakdown. Setup Details: ENTRY - 0.0005001 SL - 0.0004682 TP1 - 0.0005544 TP2 - 0.0006124 TP3 - 0.0006858 Take Profit Goal - 36.83% Stop Loss - 6.38% Risk : Reward = 1 : 5.77 I'd recommend setting alerts on TradingView and checking the TA once they go off. I wouldn't run a buy stop just because its a risky supply zone and we want confirmation of clearance. I'll be posting more ideas on my account here, so if you are interested please follow. I'm also happy to chart up recommendations. Thanks
Long
by glennleese
4
EOS Breakout Soon?Since the start of 2020, price has been chopping upwards into resistance for EOS. The purple line is the point of control. A break above, and I would be bullish to at least the yellow level. Above there, the orange level would be the likeliest region for a bearish retest. As long as we can hold the yellow level, I am bullish for continuation. Conversely, a break below the black line would stop out this trade before seeing further downside. Until then, we are at the moment of truth. We'll see how this one unfolds!
Long
by MWCarter
EOS | Daily observation long/short strategiesEOS is currently in the weekly consolidation range. Consolidations follow with an expansion. EOS has been gone through the distribution phase - now its consolidation phase with some choppy moves. I would like to see a clear breakout and even miss +-6% and long/short its re-test. Liquidity has been taken on a weekly level $2.1 and created so-called "SFP" and others would say support has been holding. I can see, if a $2.6 level will be not reclaimed as the support we will visit $2.3 level pretty fast. Price is also below all 100, 150, 200 DMAs. So what is the conclusion for our scenario? Longs play: - Conservative long: We can see monthly resistance at $2.6, once this level will be reclaimed, you can look for longs and the target would be $3.2 and $5.5. - Risky short with more reward: Entry long around $2.57-$2.61, the target would be $3-3.4 Shorts play: - once $2.6 will be holding as resistance you can short this level and target daily and weekly support as outlined on the chart. Always remember: try to pick strong coins with a clear uptrend/downtrend. Here in this scenario, shorts are in favour (price went thru distribution, has not broken through strong weekly resistance yet and Daily is not closed above $2.7 level either). But still, it depends on Bitcoin how it will react and altcoins will follow the path, probably will not have so much gain, but will follow.
BITFINEX:EOSUSD
by UnknownUnicorn6034472