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EOS/USDT (Futures) Potential Upward Movement

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

Key Resistance Levels: 4.411, 4.547, 4.669.

Key Support Levels: 4.232, 4.052, 3.934.

1-Hr:

The price on the higher time frame posted a Wyckoff accumulation phase indicating that the buyers are about to reverse the price and move higher. We can notice as well the higher lows and highs which shows that we area in the beginning of a new trend to the upside.

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

15-Mins Chart:

On the lower time frame, the price managed to break the bullish flag pattern to the upside where it found buyers around the 61.80% Fibonacci retracement. A lower correction could be seen before a new bullish impulsive wave toward the target profits.

Signal Idea:

Buy Limit Order @ 4.240

TP 1 @ 4.402

TP 2 @ 4.547

Stop Loss @ 4.172

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.

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