EOS/BTC (Potential Trendline Break?)EOS/BTC
-found new support at 50D MA with a strong daily candle
-currently, the price is trying to break the trendline resistance
-you can open a buy position if it can clear the resistance line
-or wait for a pullback retest and add more position size
-the upside target is up to 3366-3780 sat range
-bearish scenario, a break below 50ma will lead to downside action
Eosbinancecoin
There is a possibility for the beginning of an uptrend in EOSBNBTechnical analysis:
. EOS/BINANCECOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.4600 to 0.4220). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.4600)
Ending of entry zone (0.4220)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.5180
TP2= @ 0.5430
TP3= @ 0.5890
TP4= @ 0.6460
TP5= @ 0.7060
TP6= @ 0.7900
TP7= @ 0.9095
TP8= @ 1.0625
TP9= Free
There is a possibility of the beginning an uptrend in EOSBNBTechnical analysis:
. EOS/BINANCECOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.5440 to 0.4940). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.5440)
Ending of entry zone (0.4940)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.5980
TP2= @ 0.6460
TP3= @ 0.6800
TP4= @ 0.7610
TP5= @ 0.8400
TP6= @ 1.0000
TP7= @ 1.1000
TP8= Free
