Long
Second Consecutive Triangle on EOS
We have our second consecutive ascending triangle on EOS.
Demand Catalysts:
Speculation around a potential airdrop from Blockone for their social network on June 1st.
Trend:
Confirmation triggers 250+ day highs.
Chart Pattern: Ascending triangle
Confirmation:
Add on 3-day a close above .00107
Bust:
Cut on close below .0009
Target:
.00135 at highs from last winter and measured move of ascending triangle
Additional Stops:
2x 20 atr
25 day lows
Demand Catalysts:
Speculation around a potential airdrop from Blockone for their social network on June 1st.
Trend:
Confirmation triggers 250+ day highs.
Chart Pattern: Ascending triangle
Confirmation:
Add on 3-day a close above .00107
Bust:
Cut on close below .0009
Target:
.00135 at highs from last winter and measured move of ascending triangle
Additional Stops:
2x 20 atr
25 day lows
Trade active
Triangle confirmed a close above .00107 at .0010725 and breaking out now.Note
Daily triangle isn't busted, but the breakout failed on a confirmation of the daily. Moving the goalposts to the weekly. Weekly close above .00107 confirms ascending triangle breakout to the upside while a close below .0009 makes is a bust.
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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.