9th Junes EOS Short Position & Analysis
SETUP:
Reasons for the trade.
- Histogram on the 1H Ticking down
- At the 0.786 region of the A Wave
- Minor Wave it has hit the 2.618 Region
- A break below $14.4900. Will add more to position
Stop loss: $15.0401
Target 1: 55 EMA Around $14.1121
Few things noted that may make the
assumption incorrect,
1.Tiny hammer
- RSI bounced off the 60. Indicating bullishness
Without Risk there can be no possibility of Reward.
Update
Target Hit at $14.115
Closed position for a safe trade with 3% gain.
Looking to go long on EOS very soon. Correction seem to be almost complete.
Will long at the $12.35-$12.50 ranges
Nice man. i can deff see this playing out. I honestly did not spot the channel. This is what i was looking at for EOS-BTC on the 4hr. Let me know what you think. https://www.coinigy.com/s/i/5b1b6d0d5114b/
Definitely bullish on EOS, I believe we're almost reaching the completion of the correction, and gonna boost up to the $15 ranges!