Long
EOSBTC Descending Pennant Analysis with Targets
Hello, welcome to my EOS analysis!
Above I have detailed a descending pennant which is a bullish pattern. Given that EOS is a smart contract, it has the tendency to break out earlier with extended runs. We've touched the "strong support," and are heading to challenge the orange resistance conveniently placed on our triangle's D wave. Considering BTC's direction at this time is still relatively unknown, it could be the trigger via a pump or dump to make EOS pull back down from the resistance to make our E wave and then exit the triangle.
Regarding indicators, you can see that the MACD is beginning to curve with the future bullish cross also likely within the time span that an E wave is completed. Our stoch RSI is also pressed to the bottom.
Feel free to join in on the discord and ask to be added to notifications as analysts post charts for those on the server.
The link is still available on my profile, good luck trading!
Above I have detailed a descending pennant which is a bullish pattern. Given that EOS is a smart contract, it has the tendency to break out earlier with extended runs. We've touched the "strong support," and are heading to challenge the orange resistance conveniently placed on our triangle's D wave. Considering BTC's direction at this time is still relatively unknown, it could be the trigger via a pump or dump to make EOS pull back down from the resistance to make our E wave and then exit the triangle.
Regarding indicators, you can see that the MACD is beginning to curve with the future bullish cross also likely within the time span that an E wave is completed. Our stoch RSI is also pressed to the bottom.
Feel free to join in on the discord and ask to be added to notifications as analysts post charts for those on the server.
The link is still available on my profile, good luck trading!
Nota
We're now out of the wedgeTrade fechado: objetivo atingido
Aviso legal
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.