EOS / BitcoinLong
A Buy Opportunity E O S - Reward > Risk [Bullish Stance]
Big Boy EOS looks to be gearing up for its next run up.
I am sharing my thoughts and this should not be taken as Financial Advice, this is just my thoughts on a potential buy zone with great reward and low risk.
EOS - As you can see we broke out of a falling wedge on the 4HR time frame. This geared us up to test a key resistance level at 197000 sat zone which tested twice and formed a double top which caused a sell-off on EOS, partnered with erratic BTC behaviour we are now seeing EOS find some support around the 160000 sat zone which is a huge buy opportunity in my opinion.
Positives about this chart -
1. R:R in our favour - a no brainer trade set up in my opinion
2. 4 Hr MACD turning up
3. Fundamental Mainnet Release on the 31st
4. Support Structure combined with Trending Support at our buy zone.
Entry - 159500 - 160000 sats
I am sharing my thoughts and this should not be taken as Financial Advice, this is just my thoughts on a potential buy zone with great reward and low risk.
EOS - As you can see we broke out of a falling wedge on the 4HR time frame. This geared us up to test a key resistance level at 197000 sat zone which tested twice and formed a double top which caused a sell-off on EOS, partnered with erratic BTC behaviour we are now seeing EOS find some support around the 160000 sat zone which is a huge buy opportunity in my opinion.
Positives about this chart -
1. R:R in our favour - a no brainer trade set up in my opinion
2. 4 Hr MACD turning up
3. Fundamental Mainnet Release on the 31st
4. Support Structure combined with Trending Support at our buy zone.
Entry - 159500 - 160000 sats
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