EOSUSD
Do we go up and up or eventually down? :).
If it comes down to support it could be a buy point (unless it breaks lower) or if it breaks the upper resistance then we have a very good bullish signal for upper trend which is another buy entry point.
Watching...
Comment:
Update. The RSI and DMI indicates bullish movement. If it holds the 0.38 Fib we have a continuation of current trend with a minor 38% correction. Opposite if it goes below 0.38 it could bounce up at 0.61 or 0.78 Fib. If it passes below 0.78 the trend is over and it can go as low as 100% down to $1.78.
Trade closed: target reached:
Target reached.