Once again, EOS proves itself to be one of the best & cleanest tradable coins in cryptoland -if you're a real trader.
We broke down the last channel, giving even more than the promised 7%, more than 14% profit potential. I'm only counting from the real tradable break, of under $7 psychological, up to 6 Dollar psychological. We first had a fake-out without much follow-through, be the eventual break blasted in like a rocket, once grandpa BTC couldn't take out the 14k.
Depending on BTC's strength we now have the potential to run towards $6,50, but for this scenario you should already be in the trade. To the downside the range of $5,7- 5 psychological is an important S&R zone, which will not be easily crushed.
Conclusion: The break of the channel was the best trading opportunity to the short side! Congrats to all the bears who played this. => now it's time to wait for clear patterns to develop.
Can you read the chart yourself, or are you still dependent on other people like myself to read it for you? Are you an 'illiterate in charting'? Do you have a trading plan with sheets, or are you trading from your head? Are you already making gains over the long-term, like a casino, or are you losing over the long-term, because you have no idea what your strategy is? => Those are all important questions, where are I can help you with. 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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