EOSBTC has broken out large downwards trendline resistance of around 448 days.
This is bullish news for EOSBTC. We can open a trade at the current market price.
Entry: 2700-2740 sat
Target 1: 3357 sat (around 20% profit)
Target 2: 3998 sat (around 47% profit)
Target 3: 5239 sat (around 100% profit)
Stop Loss: I would recommend placing a stop loss if EOSBTC moves "inside" the triangle. Otherwise if any dip you can buy more instead.
PS: Target 1 is a strong resistance level since it has acted as strong support in the past + the 200 EMA acts as a dynamic resistance.
Overall, EOSBTC looks like it is getting ready to move upwards.
This is bullish news for EOSBTC. We can open a trade at the current market price.
Entry: 2700-2740 sat
Target 1: 3357 sat (around 20% profit)
Target 2: 3998 sat (around 47% profit)
Target 3: 5239 sat (around 100% profit)
Stop Loss: I would recommend placing a stop loss if EOSBTC moves "inside" the triangle. Otherwise if any dip you can buy more instead.
PS: Target 1 is a strong resistance level since it has acted as strong support in the past + the 200 EMA acts as a dynamic resistance.
Overall, EOSBTC looks like it is getting ready to move upwards.