EOSUSD 16H: XABCD leads to 30% correction next (SL/TP) (NEW)

Jul 10, 2020

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EOSUSD 16H: XABCD leads to 30% correction next (SL/TP) (NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT, because I expect heavy resistance
overhead to trigger sellign and 30% correction soon.

🔸 Summary and potential trade setup
::: EOSUSD 16hour chart review / update
::: speculative XABCD setup
::: leads to 30% correction
::: marginal upside from here possible
::: HOWEVER no doubt about it: correction UP next
::: strategy: STAY OUT / SHORT IT from 2.90
::: point C marginal high at 2.90
::: expecing correction to kickstart soon
::: probably next wee
::: BUY/HOLD traders wait for better price
::: to reload later in August 2020.
::: good luck traders
🔸 Supply/Demand Zones
::: supply/demand: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BEARISH