Hello to all AMKT members.😍
After analyzing the EOS token, we entered a new structure that we will analyze together.
In the 4-hour timeframe, after exiting the downward channel, we entered the ascending channel, which has created a bottom in the 0.6640 range.
For the long position, our trigger is still the 0.7072 break, and we must keep in mind that since we entered the ascending channel, there is a possibility that the 0.7750 range will be a resistance for us, but our target is still 0.8869.
But for the short position, our trigger is 0.5895 with increasing volume, but if we want to go for a short position, we can enter a short position by risking our capital with a break of 0.6640, which is a risky position.
After analyzing the EOS token, we entered a new structure that we will analyze together.
In the 4-hour timeframe, after exiting the downward channel, we entered the ascending channel, which has created a bottom in the 0.6640 range.
For the long position, our trigger is still the 0.7072 break, and we must keep in mind that since we entered the ascending channel, there is a possibility that the 0.7750 range will be a resistance for us, but our target is still 0.8869.
But for the short position, our trigger is 0.5895 with increasing volume, but if we want to go for a short position, we can enter a short position by risking our capital with a break of 0.6640, which is a risky position.
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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.
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.