EOS idea
I like to draw ideas on a bare chart. I don't care to use many indicators but prefer to hunt familiar patterns using trends and S&R. I also like a bunch of random different color lines... different colors are mostly drawn on different time frames. Prices are approximate.
On the higher timeframe (M/W) we broke out of a 2 year flag and currently just retested nicely. On a lower time frame (D/H4) were forming an ascending triangle and headed up towards the $3.90 resistance. We will form an inverse head and shoulders with a slanted neckline which will catapult us over the green line. If we break to the upside, we may be looking to our next major resistance target of $4.50. After that, I expect a short reversal so we can healthily correct/retest our $3.90 support that has been created from previous resistance. After that, heading up to $5.40+
We should be headed up to $5 by mid February. Seems it could print "slower" gains but might turn in to +70-80% in a month or so... Probably a few bumps along the way.
On the higher timeframe (M/W) we broke out of a 2 year flag and currently just retested nicely. On a lower time frame (D/H4) were forming an ascending triangle and headed up towards the $3.90 resistance. We will form an inverse head and shoulders with a slanted neckline which will catapult us over the green line. If we break to the upside, we may be looking to our next major resistance target of $4.50. After that, I expect a short reversal so we can healthily correct/retest our $3.90 support that has been created from previous resistance. After that, heading up to $5.40+
We should be headed up to $5 by mid February. Seems it could print "slower" gains but might turn in to +70-80% in a month or so... Probably a few bumps along the way.
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