EOSUSD looks to be painting an Inverse Head & Shoulders on the daily and on the verge of breaking through its 3month down trend.
Major resistance at $9 with strong bearish confluence includes:
+ IH&S neckline
+ Long term down trendline
+ 200d MA
+ bearish daily OB
Entering a 50% position now and will add remainder upon breakout and retest of resistance turned support (as long as as BTC remains bullish or sideways).
TP 1: $10.30
TP 2: $12.22
TP 3: $14.50
Stop loss is just beneath support of right shoulder at 7.60.
Major resistance at $9 with strong bearish confluence includes:
+ IH&S neckline
+ Long term down trendline
+ 200d MA
+ bearish daily OB
Entering a 50% position now and will add remainder upon breakout and retest of resistance turned support (as long as as BTC remains bullish or sideways).
TP 1: $10.30
TP 2: $12.22
TP 3: $14.50
Stop loss is just beneath support of right shoulder at 7.60.
Đóng lệnh: dừng lỗ:
Inverse H&S rejection + stop loss hit. I'm out. On to the next one.