EOS/USD - Potential H&S Pattern - Trade the break

30 thg 9, 2018

It looks like EOS is forming a head and shoulder pattern again. The idea is to trade the break of the neckline, 1-hour time filter can be applied for additional confirmation as there might be a false break.
Stop loss above the 2nd shoulder. TP level based on the M.P.O. projection.
Try to keep it simple. Found out that simple analyses and basic pattern work very well in the crypto market.

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30 thg 9, 2018

Ghi chú

If you think is not going to work out, look at the previous one, that I posted last Sunday)) . Looks really similar, with the second shoulder having 2-3 sub shoulders!
Think we gonna see smth similar now as well with the break of the neck-line on Monday.

30 thg 9, 2018

Ghi chú

Still going to trade the break of the neck-line with the new SL above the new recent high (2nd shoulder)!

30 thg 9, 2018

Ghi chú

And if looking at the daily chart, it looks pretty bearidh as well. STCH bearish cross, a break of the uptrend on the RSI will mean a touch and a potential break of bottom of the triangle:

30 thg 9, 2018

Giao dịch đang hoạt động

It happened even faster than i expected, in the trade now
good luck to all who are shorting it as well!

1 thg 10, 2018

Giao dịch đang hoạt động

Despite the fact that on the initial chart, the SL level has been reached as mentioned the new SL level was above the recent high - 5.96 level. Still in the trade!

10 thg 10, 2018

Giao dịch đang hoạt động

23 thg 10, 2018

Đóng lệnh: dừng lỗ