Bullish Pennant on EOS. Short Term Trade.
A bullish pennant is showing on EOS accompanied by decreasing volume.
Target: 9.1950
Stop: 8.56
Risk Reward ratio is 2.11
It's better to do short term trades for now until the general trend of BTC is decided.
The most likely scenario is that the bullish pennant will be penetrated violently.
Cheers
Robertus
Target: 9.1950
Stop: 8.56
Risk Reward ratio is 2.11
It's better to do short term trades for now until the general trend of BTC is decided.
The most likely scenario is that the bullish pennant will be penetrated violently.
Cheers
Robertus
Note
BTC collapsed below $7,900, during this trade. Be sure to watch BTC trend before trading alts.
Good luck.
Note
Stop activated at 8.56.This trade would have been ideal on a non falling BTC.
Cheers.
“All fixed set patterns are incapable of adaptability or pliability. The truth is outside of all fixed patterns” BL
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.
“All fixed set patterns are incapable of adaptability or pliability. The truth is outside of all fixed patterns” BL
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.