EOS - Correction Short

Waiting for a 11.823 level.

Note

Price almost reach the target zone, but not 11.82 (support ending zone). Possible second wave like zig-zag to 11.72 - 11.65. Now I will be carefully and watch price action to take decision.

Anyway soon 1H MA crossing and big movements coming. If price going upper - Im happy and can enter in any time with target around 13.5-14.4. If price going under - I will update this trade.

Keep in mind that BTC market reject resistance and now we can go to 7280 or 7040 or 6920. Or create consolidation for B-wave movements to 8200-8300 zone.
BTC is important because he is indicator now for all crypto.

About news - Huobi announce starting of crypto ETF from 1 june for retail and institutions investors.

Note

Reasons to be carefully.

Note

Touch top line resistance. Also 1H Stoch overbought and in rising wedge. Also 1H MA need to be crossed (possible moving lower).

Note

I did not enter in the position. Because situation was unpredictable and Im waiting MA 1H crossing before initiate new trade. I mean we can trade if we see good setup. Without it like Vegas games.
Now chart touch the MA12H resistance.

Trade closed manually

Note

Native tokens hype. If you in long position - targets around 14.96-15.05

Note

Moving to $12.5-12.6 reversal zone.

artgen567

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