Awesome trading opportunity from channel.
EOS is currently inside a very nice 4H upward Trend Channel. This gives awesome trading opportunity if you can play in both directions.
For long: You will bet the 7-7.1 region to hold: In that case the EOS bulls will have the chance to reach the upside of the channel again at 8 Dollars, giving 10% profits.
For the case we break it down (which is more probable right now, esp. if BTC rejects at
12K), we will have the chance to reach the previous crucial S&R zone on the Daily at 6,5 psychological, giving 7% profits.
So there you go, the levels are clearly on the table. But can you read the chart yourself just like I did, or are you still dependent on other people like myself to read it for you? Are you an 'illiterate in charting'? Do you have a trading plan with sheets, or are you trading from your head? Are you already making gains over the long-term, like a casino, or are you losing over the long-term, because you have no idea what your strategy is? => Those are all important questions, where are I can help you with. I wish you a good trading! :)
Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
For long: You will bet the 7-7.1 region to hold: In that case the EOS bulls will have the chance to reach the upside of the channel again at 8 Dollars, giving 10% profits.
For the case we break it down (which is more probable right now, esp. if BTC rejects at
12K), we will have the chance to reach the previous crucial S&R zone on the Daily at 6,5 psychological, giving 7% profits.So there you go, the levels are clearly on the table. But can you read the chart yourself just like I did, or are you still dependent on other people like myself to read it for you? Are you an 'illiterate in charting'? Do you have a trading plan with sheets, or are you trading from your head? Are you already making gains over the long-term, like a casino, or are you losing over the long-term, because you have no idea what your strategy is? => Those are all important questions, where are I can help you with. I wish you a good trading! :)
Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
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