EOS/BTC 1D (Binance) Descending parallel channels on support
EOS is facing mid-line support of big descending channel (beige one) and lower-line support of the small one (pink).
Bitcoin has been giving ALTs a hard time, but the big market-cap coins should recover faster.
I'm expecting a bounce soon and maybe a reversal towards upper channel line:
Buy Entry= 0.0002662 - 0.0002560
Take Profit= 0.0003224 | 0.0003621 | 0.0004262
Stop Loss= 0.0001998
Risk/Reward= 1:1 | 1:1.65 | 1:2.69
Expected Profit= 23.48% | 38.68% | 63.23%
Possible Loss= -23.48%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x
Bitcoin has been giving ALTs a hard time, but the big market-cap coins should recover faster.
I'm expecting a bounce soon and maybe a reversal towards upper channel line:
Buy Entry= 0.0002662 - 0.0002560
Take Profit= 0.0003224 | 0.0003621 | 0.0004262
Stop Loss= 0.0001998
Risk/Reward= 1:1 | 1:1.65 | 1:2.69
Expected Profit= 23.48% | 38.68% | 63.23%
Possible Loss= -23.48%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x
Trade active
2/3 entries filled and already going up 🤞🏼
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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.