- We have EOS/USD strongly bearish from july 2017. It follow a major downtrend line that has been tested yesterday at 0.85$ - There is a support at 0.5$ which was tested 3 times on the past days before breaking up. - If indicators are showing mixed signals, on the 4h chart we still are bullish, with macd and rsi bullish. - Volume is rapidly increasing - We are now looking at this descending triangle to break up. - The Ichimoku is turning bullish with tenkan/kijun cross ; Kijun/lagging span cross is a good bullish indicator too; last we got EOS/USD entering the cloud with no rejection (price is currently consolidating inside the cloud), In the past we had strong rejection of the bearish cloud. This increase my bullish view. - On the breakout we have a good opportunity to go long until 1.2$, the next major resistance. - If this descending triangle breaks down, we will probably retest the 0.5$ support. - I think the break of the 0.9$ is a safe way to enter on this trade.
Let's see how it happens :)
Do not forget :Don't invest money you can't afford to lose and happy trading !