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.
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
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.
Buy Limit Order @ 4.240
TP 1 @ 4.402
TP 2 @ 4.547
Stop Loss @ 4.172
Trade Safely 🙂