EOSBULLUSDT Ascending Channel (Target & Support Levels Mapped)

17 mar 2020

Here we have the Binance instrument EOSBULLUSDT (EOSBULL), which is a 3X Long on EOS Token, let's take a look at the chart.

First, we can notice the ascending triangle which we also saw on GXSBTC. This pattern can lead to a bullish break.

The RSI is strong and the MACD allows for bullish action.
We also have a "V shaped" bottom with high volume... These signals are pointing to the bulls taking the lead.

All the targets and support levels are marked on the chart.

Remember to have a plan/strategy (know what you are doing) before you trade.

Thanks a lot for reading.

Namaste.