EOS ready to breakout in the coming months
EOS has a myriad of milestones being rolled out in the coming months & its chart shows some room to run along the way. I've added some target levels to watch, plus a few paths price can take. Short-term it may double-top and pullback to offer a better entry.
Additional Confluence: There's a possible Adam\Eve or Cup & Handle forming. Price on 1D chart is currently above EMA200 & Golden Cross Approaching.
I'll likely take a position after the pullback from the Double-Top or upon a breakout of the local resistance (red rectangle).
1. If the Double-Top plays out: I'll take a position at the neckline with a tight stoploss. Then re-enter just shy of the Double-Top measured move if my stoploss is hit (lookup Double-Top patterns if you're not familiar).
2. If price breakouts out: I'll take a 50% position upon breakout and then additional 50% on the retest (adding a generous stoploss below the original breakout point in case of deviation).
coinmarketcal.com/en/?form[date_range]=02/03/2023+-+31/12/2025&form[keyword]=&form[coin][]=eos&form[sort_by]=date&form[submit]=&form[show_reset]=
Additional Confluence: There's a possible Adam\Eve or Cup & Handle forming. Price on 1D chart is currently above EMA200 & Golden Cross Approaching.
I'll likely take a position after the pullback from the Double-Top or upon a breakout of the local resistance (red rectangle).
1. If the Double-Top plays out: I'll take a position at the neckline with a tight stoploss. Then re-enter just shy of the Double-Top measured move if my stoploss is hit (lookup Double-Top patterns if you're not familiar).
2. If price breakouts out: I'll take a 50% position upon breakout and then additional 50% on the retest (adding a generous stoploss below the original breakout point in case of deviation).
coinmarketcal.com/en/?form[date_range]=02/03/2023+-+31/12/2025&form[keyword]=&form[coin][]=eos&form[sort_by]=date&form[submit]=&form[show_reset]=
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