EOS Counter-Cyclical C&H Breakout? Good for 90%? fürBITFINEX:EOSUSD von Trader6127

trendanalysis chartpattern indicator eosusd eosbtc eos bitfinex altcoinboom2k17

EOS is performing a potentially very bullish pattern on the daily chart, and a breach of the pink descending channel line could unlock it with gains around 90%. A counter-cyclical cup and handle MONSTER trade!

Early bird entry is around the $1.64 pivot support, which is the edge of the major classical fibo support zone. I don't recommend this entry for beginners, as it will most likely result in a heavy selloff if breached and closed (remember, we are in a downtrend). But you will be rewarded if it pans out to the upside. A safer buy is fetching the breakout at $2.13. Be aware of the descending trend lines along the way.

Alternatively, the large harmonic pattern (AB=CD) may play out, taking us back toward the all time low. We would most likely form a high low, and I don't expect a full retracement yet.

As always, I'll keep things updated.

Cheers and GLWT!
- Erik

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