EOS/USDT catches up to the majors

٢٢ يوليو ٢٠٢٠

While Cardano and ETH have been very bullish in their USDT pairs, EOS has lagged behind, making this long falling wedge. Inside the wedge, we've had a 1-5 correction. Now price is knocking at the upper line.

Classically, you'd wait for a breakout and a higher High for confirmation. Since this is a daily pattern, maybe a higher high on the 4H chart. Or a retest and bounce from the upper trendline.
Since This Is Crypto, we don't always get retests, and the market can run away from us in the middle of the night. If you weren't awake enough to buy at E (and I wasn't), a reasonable, if riskier, strategy would be an entry nowish with a stop below the local low.

As this would complete legs 1 and 2, a likely continuation would be to the 1-1.272 Fib extension.

Not financial advice. Drink responsibly.

٢٣ يوليو ٢٠٢٠

تم فتح الصفقة

Entered at 2.65 on break of trendline with stop under local low at 2.41

٢ أغسطس ٢٠٢٠

أغلقت الصفقة: تم الوصول لوقف الخسارة

I set my stop to break-even and got stopped out by the recent rogue wick down from BTC.
If you took the original call and didn't set your stop to BE you're all good.

١٧ أغسطس ٢٠٢٠

أغلقت الصفقة: تم الوصول للهدف

If you didn't get stopped out on the way like me, target is now reached.