EOS PRINTING A BOTTOM
EOSUSD is printing an ascending triangle , if the candle fulfills the proposed ascending triangle it will form a technical pattern that has a 65% chance of reversing a trend.Although triangle are notorious for throw-backs (which traders should accommodates in a trading plan ) . i expect prices to break upwards, to give a +20% upward move if prices however break downwards, it will be short term bearish continuation and price will reverse even more aggressively upward.
A typical trading plan is to wait for a break out. A more Aggressive trading plan is to buy when prices touches the bottom ascending trend line and take a profit when it hits the top horizontal trend line at $2.85 then open another trade when prices breakout.
Goodluck!!
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