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EOS/USDT (Futures) Potential Upward Movement

EOS/USDT (Futures) Long-Term Trend: Bullish

Key Resistance Levels: 3.641, 3.735, 3.899.

Key Support Levels: 3.109, 2.508, 2.250.

Daily Time Frame:

The price on the higher time frame failed to break a strong support level around the 3.100 USDT mark where a series of higher lows has been posted. This shows that the buyers might took control of the market and this could lead to a reversal and a move higher.

1-Hr Time Frame:

On the lower time frame, the price is bouncing inside a bullish flag formation where it has a bias to break it to the upside. A lower correction is expected to the highlighted zone where more buyers will push the price upward in a form of a new bullish impulsive wave toward the target profits.

Buy Limit Order @ 3.282

TP 1 @ 3.377

TP 2 @ 3.899

Stop Loss @ 3.240

Trade Safely 🙂

In many cases we manually use market orders instead of pending orders to trade the trading ideas we send you. This is higher risk, and you can decide if it suits your trading style.

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

3 comments

  1. Its been long i heard from you i pray this one goes well ohhh

  2. Joe – just checking on the last TP for EOSUSDT – 3.889? That’s a huge TP!

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