Updated
EOS/USDT Secondary trend. Triangle. Pivot area. Price 5.19
A triangle has formed in the secondary trend. Volatility decreases, the price is clamped. Potential reversal zone. At the moment now the price is $ 5.19
Coin at Coenmarket: EOS
Past trading idea (this is a continuation of the trend).
EOS/USDT Secondary trend.Wedge
Coin at Coenmarket: EOS
Past trading idea (this is a continuation of the trend).
EOS/USDT Secondary trend.Wedge
Note
After the triangle break down and the squeeze reached the 2.44 level. The price has been squeezed between the levels of 3-3.55 in a horizontal channel with 18% step for about 1 month. Since the local channel has existed for a long time and it does not have a large % step, there is a probability of exit from it in the near future.
Note
Work with a breakdown of the wedge resistance (important, high volume of the buyer) or with a stop at this point before the breakdown (risk).
It is worth noting that during the past dumps before the trend reversal, the price 2 times fell by a squeeze into the zone of 1.3-1.6$ Can in such a case use a stop with buy orders, in case of such a scenario (not necessarily).
Note
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Related publications
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✅ Telegram. Finance + Trading: t.me/SpartaBTC_1318
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.