After months of few clear signals, EOS has finally provided us with a beautiful Inverse Head and Shoulders set-up on EOSUSD which has taken near 6 months to complete!
EOSUSD just recently broke the neckline of this inverse head and shoulders, therefore I have gone ahead and entered a spot trade with the details below.
My Trade
Entry: 6.06
Target 1: 9.67
Target 2: $12.00
S/L: 4.50
Notes:
EOSUSD just recently broke the neckline of this inverse head and shoulders, therefore I have gone ahead and entered a spot trade with the details below.
My Trade
Entry: 6.06
Target 1: 9.67
Target 2: $12.00
S/L: 4.50
Notes:
- Although Bitfinex is showing slightly lower volume for the right shoulder, multiple other exchanges have seen a massive spike.
- I expect a possible double top to form around 6.50 which may provide another entry at the neckline.
- The EOSBTC chart does not look too impressive yet. I will wait for a clear setup there before adding margin
Creator of DepthHouse Indicators on TradingView!
↣ depthhouse.com/
↣ depthhouse.com/
