EOS / Bitcoin
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EOSBTC 1W long setup; Breakout of long lasting downtrend

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TA explained
EOS broke out of the long lasting downtrend which developed within the parallel downward channel. Price broke out and pulled back towards the broken trendline. A little more pullback can be expected which might also wick through the lower entry price.

Final target aligns with the 0.618 fib retracement level. SL is a bit wider than usually, risking a bit more on this trade because of the potential profit.

Trade setup
Best entries: 0.0001228 - 0.0001660
TP1: 0.0003299
TP2: 0.0005507
TP3: 0.0009781
TP4: 0.0015790
SL: 0.0000909
RR: 17.73
Max leverage: na

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Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)

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