EOS bullish wedge

EOS has formed a bullish wedge on a higher time frame
also we have a descending volume which confirms the wedge
We also have a breakout but the volume is just not convincing enough so i might skip this trade or wait for the volume since it looks like eos is retesting the resistance

Note

On 12 hour time frame eos held the bull trend
While looking at the RSI we an see that eos bounced off the 50 level
So that's a very good sign

Note

And we also have a bull pennant on EOSUSD pair with no breakout as of yet

Note

EOS breaking out
I will wait for the candle close before opening a long

Note

The candle didn't close above the line
So we still have to wait

Note

We had a close above the trend line but volume was not enough
But if we get a close above 4 hour cloud then we take the trade

Note

Same stuff happening with EOSBTC as well, not being able to close above the cloud

Note

We have a close outside the cloud both in BTC and USD pair
So we enter here with a stop loss being set at the lower cloud

kishan889

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kishan889