EOSETH long at median line
EOSETH pushed out of a bottoming circle . It looks like it may have retraced to the median line of the ascending modified Schiff fork.
I will use that as my stop.
This will be confirmed with EOSUSD chart.
ETHUSD is in a wedge and may fall in the next few day
I will use that as my stop.
This will be confirmed with EOSUSD chart.
ETHUSD is in a wedge and may fall in the next few day
Note
I will also follow EOSUSD. As you can see it respects the Fibonacci levels. It will be very bullish if it can break through the 50 percent Fibonacci line at 13.41 and hold the median line currently at 14.50Trade active
Good entry point now EOSETH back at median lineEOSUSD at strong support and at Fibonacci level.
Trade closed: target reached
Closed May 29 at 0.2300Entry May 20 at 0.1860
Profit 0.0440
23 percent in 9 days ( in terms of ETH tokens)
I will look to reenter at median line again
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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.