YOU SHALL NOT PASS! EOS testing long-term trend line

The idea is as obvious as the chart is. This is really a critical moment for EOS that will show whether all this hype was justified. The fisrt short-term goal is $8 which is 20% gain from current safe level. It lays on intersection of the parallel ascending channel, support-resistance line and 0.786 fibo retracement - pretty solid. The next target rests in the range of $10 - $11.2 where i propose to book some profits because of heavy resistance at 0.618 fibo.

The stop-loss can be placed just below long-term trend line while the brave and the risky can put it even lower, behind support at $5.8

Good luck and stay tuned!

Dagangan aktif:

First target at $8 safely achieved, support worked liked a charm