EOS Beautiful Equilibrium - Break Coming!
Updated
Hello my dear EOS traders, hope you're having a nice weekend! ;)
EOS/USD is inside a beautiful equilibrium between the ranges of 1,8 & 2,1 Dollars, which will see a break coming soon. In the bullish case, we're looking at least at 2,2, if not 2,4 Dollars. In the bearish case, at the previous lows at 1,6.
In the direct correlation EOS/BTC, we have right now broken an ascending triangle to the upside. => If the bulls can maintain it, it means relative strength towards grandpa Bitcoin.
If you had some value, give it a thumbs-up, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally in 2013.
EOS/USD is inside a beautiful equilibrium between the ranges of 1,8 & 2,1 Dollars, which will see a break coming soon. In the bullish case, we're looking at least at 2,2, if not 2,4 Dollars. In the bearish case, at the previous lows at 1,6.
In the direct correlation EOS/BTC, we have right now broken an ascending triangle to the upside. => If the bulls can maintain it, it means relative strength towards grandpa Bitcoin.
If you had some value, give it a thumbs-up, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally in 2013.
Note
My preferred break to the upside would be, if we top out here or at 2,1 at the latest, consolidate & form a higher low on the 4H, and THEN break through the resistance. Why? => If we keep on going to the resistance like this, without pause, the bulls will be exhausted. That's why cooling down the move & RSI levels is very important before any break.
Note
Note
Target reached, but let at least a partial position ride: it could go much higher in the next hours & days to come. We just have to give the market the opportunity to breath out/form a higher low on the 4H, and see, what kind of pattern forms from there.Note
Dear EOS traders, we have now reached the previous break-out zone at 2.8, where we had broken out from the descending triangle: By now you should've taken half-profit at least.As the Daily & Weekly timeframe is still in a core bearish trend, the choice is yours now for the rest of your position:
1) You let it ride, up until 4H Higher Lows get broken (currently at 2,4)
2) You take full profit, and are fully happy with your 30% profit, even if we go higher.
=> The choice is yours, both options are right from this point. For 1) of course, grandpa Bitcoin has to play along as always. Have fun trading! ;)
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