Eosusdtlong
EOSUSDT Double Bottom Pattern hi to all traders
according to the double bottom pattern and the symmetric growth parameter.
i expect the pattern to be complete...
and I expect the price to touch newer than before and
continue to grow at the rate of the second triangle and then correct the price
if you're agree hit the like bottom and follow my account.
the information provided is not trading advice but an informative analysis of the price movement
continue to grow at the rate of the second triangle and then correct the price
EOS/USDT catches up to the majorsWhile Cardano and ETH have been very bullish in their USDT pairs, EOS has lagged behind, making this long falling wedge. Inside the wedge, we've had a 1-5 correction. Now price is knocking at the upper line.
Classically, you'd wait for a breakout and a higher High for confirmation. Since this is a daily pattern, maybe a higher high on the 4H chart. Or a retest and bounce from the upper trendline.
Since This Is Crypto, we don't always get retests, and the market can run away from us in the middle of the night. If you weren't awake enough to buy at E (and I wasn't), a reasonable, if riskier, strategy would be an entry nowish with a stop below the local low.
As this would complete legs 1 and 2, a likely continuation would be to the 1-1.272 Fib extension.
Not financial advice. Drink responsibly.
EOS/USD - You can take the 1% risk.The day looks bearish. Because the price is under the EMA.
Jammed in a triangle. Of course it's better to buy after leaving the triangle.
Let's go down to 4H and get a closer look at the situation.
You can take the 1% risk.
In order to earn 5%.
You can tie up a stop loss.
In terms of Fibonnacci, we're down to the purchasing level.
Now the market is jerky. And getting ready to dive down.
It's summer over. It's the rotten 3 months for financial markets.
Lots of traders on vacation.
EOSusd(t) AnalysisPlease support my work by clicking the LIKE button and following the Trading View profile.Thank you!
Everything on the chart.
We are moving in the upward channel.
We observe lateral accumulation, If you are not in a position, you can make purchases, when price make breaking through one of the sides.
I tend more to a long position.
2 targets zone above: 2.95-3$ and ~3.15$, after reaching the first target, move the stop-loss to breakeven.
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