EOS: Descending Triangle on 4H! Break coming!
Another candidate that I had looked at extensively with my mentee Richard today was EOS: we have a clear Descending Triangle on the 4H.
If we look on the Daily, we can clearly see how crucial the current stage is: A downbreak would lead to 15-22% profit on the bearish side.
A break to the upside will lead to the previous S&R zone of $6.7, giving at least 14% profit.
Conclusion: If you are a real trader, who can trade in both directions, you can play either break here. EOS will highly follow BTC's break, so you have to closely watch BTC's price action. See my today's analysis:
Do you have a trading plan with sheets, or are you trading from your head? Do you revenge trade, trying to make the money you lost back immediately, taking huge risk, losing even more? Are you already making gains over the long-term, like a casino, or are you still losing huge amounts, because you have no idea what your strategy is? => Those are all important questions, where are I can help you with. Psychology is half the rent in trading, if you don't take it seriously, you will crush your account. I wish you a good trading! :)
Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
If we look on the Daily, we can clearly see how crucial the current stage is: A downbreak would lead to 15-22% profit on the bearish side.
A break to the upside will lead to the previous S&R zone of $6.7, giving at least 14% profit.
Conclusion: If you are a real trader, who can trade in both directions, you can play either break here. EOS will highly follow BTC's break, so you have to closely watch BTC's price action. See my today's analysis:
Do you have a trading plan with sheets, or are you trading from your head? Do you revenge trade, trying to make the money you lost back immediately, taking huge risk, losing even more? Are you already making gains over the long-term, like a casino, or are you still losing huge amounts, because you have no idea what your strategy is? => Those are all important questions, where are I can help you with. Psychology is half the rent in trading, if you don't take it seriously, you will crush your account. I wish you a good trading! :)
Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
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