EOS's next big move is coming
Aktualisiert
EOS has been consolidating nicely in this zone for a few weeks now with plenty of orders taken as we tighten up with volatility.
i can feel an impulse coming very shortly maybe waiting for a catalyst like btc making a more or something.
Can see over all fib retracement levels playing effect on current movements and running trend based fibs to set targets on this uptrend lines up with some key levels for potential reversals as we hit fib targets on the overall down trend retracement levels.
The fact we have broken supply level (circled) tells me there is a strong potential we climb to the upside here from this squeeze.
Expect some volatility on bitmex if your leverage trading EOS, but may not be as harsh of moves on binance for example.
If we can break supply at this current level then we may be looking for another lower low on the next wave around 7589
Taken a punt on this with a small position already but the break out from this wedge should give us a better confirmation.
i can feel an impulse coming very shortly maybe waiting for a catalyst like btc making a more or something.
Can see over all fib retracement levels playing effect on current movements and running trend based fibs to set targets on this uptrend lines up with some key levels for potential reversals as we hit fib targets on the overall down trend retracement levels.
The fact we have broken supply level (circled) tells me there is a strong potential we climb to the upside here from this squeeze.
Expect some volatility on bitmex if your leverage trading EOS, but may not be as harsh of moves on binance for example.
If we can break supply at this current level then we may be looking for another lower low on the next wave around 7589
Taken a punt on this with a small position already but the break out from this wedge should give us a better confirmation.
Trade ist aktiv
Just doing some manual updates here, first profit take level hit, looking for this to settle down a little now, the daily cci is off the charts from this move so considering a descent pull back incoming over the next few days before it tried to head up to the next target imo.Almost 16% done on this trade nice and healthy and happy to take profit here for now.
Will be keeping a close eye on it incase it breaks again but the daily cci has me concerned that this move was a little unsustainable for now.
Trade ist aktiv
Not much happened we have come back into the previous supply now turned into a level of support.As long as it holds price here long enough for the indicators to give us an indication its ready to rock again then we are in again.
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