EOS is an interesting Alt we are looking at. It has been trading in this range for about 29 days now. Recently it tested that red box as resistance again and got rejected as it is a strong resistance area. However We can see that EOS has overcome the red ichimoku on the 4hr and the cloud has also turned green.
We want to see the upper area of this red cloud reacts and if it can create support, if so we will consider laddering longs around this area. If this does not happen another opportunity we will look at is a break out of that red box resistance area and setting a momentum long order above that area.
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Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice.
I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.
We want to see the upper area of this red cloud reacts and if it can create support, if so we will consider laddering longs around this area. If this does not happen another opportunity we will look at is a break out of that red box resistance area and setting a momentum long order above that area.
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Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice.
I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.
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.