The main intrigue of the day is the reason for the price decline.
Is the market throwing out weak hands before rising or it's a continuation of the downtrend? Please, pay attention to a rather long divergence.
I wouldn't be so pessimistic for now.
Just as a possible idea. I want to test my expertise and share it with community.
So, the price pushes back from the lowest border of falling wedge and gets out of figure. After collecting stop losses at the zone ~ 40400-40700 downtrend will continue.
After opening the short from the previous idea, I found that a strong support zone has formed at levels 4.45-4.55 and my assumption of further downward price movement was not confirmed. That's why I closed my position manually.
What we have now?
Today Bitcoin reached 50k and it means that uptrend continues. So, I expect, that EOS will show a new move. It's...
Hi guys. I've decided to publish my trading ideas more often. Hope it would help somebody to make the right decision.
So, here I see one of my favourite setup - triangle. I'm planning to create 2 stops:
1. Buy stop 4.95, target 5.2-5.3
2. Sell stop 4.75, target 4.0-3.9
