There is a trading opportunity to buy in EOSUSD
Technical analysis:
. EOS/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (2.1200 to 1.5500). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (2.1200)
Ending of entry zone (1.5500)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 3.2000
TP2= @ 4.3500
TP3= @ 5.1200
TP4= @ 6.2400
TP5= @ 6.8650
TP6= @ 9.1500
TP7= @ 11.5000
TP8= @ 13.8500
TP9= @ 17.1800
TP10= @ 21.4400
TP11= Free
. EOS/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (2.1200 to 1.5500). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (2.1200)
Ending of entry zone (1.5500)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 3.2000
TP2= @ 4.3500
TP3= @ 5.1200
TP4= @ 6.2400
TP5= @ 6.8650
TP6= @ 9.1500
TP7= @ 11.5000
TP8= @ 13.8500
TP9= @ 17.1800
TP10= @ 21.4400
TP11= Free
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🌟36 Forex Pairs
🌟175 Cryptos
🌟16 Stock & Currency Indices
🌟Gold,Silver,Oil,Gas
✅ Best Profitable Trading Strategies
✅ in 9 languages
✅ since 2007
FREE Telegram 👉 t.me/forecastcity_com
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