EOS/USD: Descending Again! 12% Profit Potential [TRADERS ONLY]
If you break the chart down into its first principles, it is actually very easy to understand, it's not rocket science: We have what I call two and a half directions! ;)
We can either go up, or down, or sideways (which will show us perfectly as patterns in the chart.)
=> EOS is, as I have stated many times, one of the best & clearest tradable pairs in crypto space, if you're a real trader who can short too.
For the case you couldn't see the post chart clearly, here you go:
=> You can perfectly see, how EOS is breathing in and out: Break to the upside, consolidation, break to the upside again. Break down, consolidation, break to the downside again.
Right now, we have been consolidating for 13 days -exactly like on the July break - and also this time, we will see a break coming. The direction of the break will depend on grandpa BTC: In the short case scenario (which is more probable right now), we'll have the potential to reach 3 Dollars psychological: Solid 12% profit potential. In the bull break scenario, we'll be headed towards 4 Dollars again: Solid 10% profit potential.
The last break in July was one of my best plays, even though I took profit early: EOS crashed unimaginable more than 40% in a one week period. Have you ever seen a business with 40% profits in one week? => This is what is possible in crypto trading. Instead of being the pig, that eats everything they throw in front of him (aka overtrading on the 15min chart), you have to become the lion, who takes his trades like a sniper. If you want to dive into short trading & learning this stuff from the ground up, Edgy is the right place to start. I wish you a great trading! ;)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
We can either go up, or down, or sideways (which will show us perfectly as patterns in the chart.)
=> EOS is, as I have stated many times, one of the best & clearest tradable pairs in crypto space, if you're a real trader who can short too.
For the case you couldn't see the post chart clearly, here you go:
=> You can perfectly see, how EOS is breathing in and out: Break to the upside, consolidation, break to the upside again. Break down, consolidation, break to the downside again.
Right now, we have been consolidating for 13 days -exactly like on the July break - and also this time, we will see a break coming. The direction of the break will depend on grandpa BTC: In the short case scenario (which is more probable right now), we'll have the potential to reach 3 Dollars psychological: Solid 12% profit potential. In the bull break scenario, we'll be headed towards 4 Dollars again: Solid 10% profit potential.
The last break in July was one of my best plays, even though I took profit early: EOS crashed unimaginable more than 40% in a one week period. Have you ever seen a business with 40% profits in one week? => This is what is possible in crypto trading. Instead of being the pig, that eats everything they throw in front of him (aka overtrading on the 15min chart), you have to become the lion, who takes his trades like a sniper. If you want to dive into short trading & learning this stuff from the ground up, Edgy is the right place to start. I wish you a great trading! ;)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
Related publications
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.