EOS Ascending Channel is highly to bounce upward!!!
Hi Beautiful peopleeee again!!
Looking at the Daily EOSUSD chart, you can see EOS did break big falling wedge to go upward and now looks like it is building Ascending channel.
You can see the current price is at the support of ascending channel as well as the RSI and MACD are sitting on the support uptrend.
From this reason, I see a high potential bounce upward from here.
We can play small trade by setting target at resistance of ascending channel $4 with stop loss around $2.95.
IF you love to accept higher risk in case ascending channel is neglected by dropping of the price, it might bounce from strong uptrend support from low Oct 2017 ,low Dec 2018 and low Sep 2019 in green line. The stop loss will be $2.7 below this strong support and target will be $6.53.
***** THIS INFORMATION IS MY IDEA AND IS NOT RECOMMENDATION TO BUY OR SELL. IT IS TO BE USED FOR EDUCATIONAL PURPOSES ONLY. ******
Looking at the Daily EOSUSD chart, you can see EOS did break big falling wedge to go upward and now looks like it is building Ascending channel.
You can see the current price is at the support of ascending channel as well as the RSI and MACD are sitting on the support uptrend.
From this reason, I see a high potential bounce upward from here.
We can play small trade by setting target at resistance of ascending channel $4 with stop loss around $2.95.
IF you love to accept higher risk in case ascending channel is neglected by dropping of the price, it might bounce from strong uptrend support from low Oct 2017 ,low Dec 2018 and low Sep 2019 in green line. The stop loss will be $2.7 below this strong support and target will be $6.53.
***** THIS INFORMATION IS MY IDEA AND IS NOT RECOMMENDATION TO BUY OR SELL. IT IS TO BE USED FOR EDUCATIONAL PURPOSES ONLY. ******
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