Long

EOS - Weak hands filtered out

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presents itself as a candidate for a long setup. Slightly lagging, but moving in line with the likes of ONT, WTC and ICX, following are some of our technical observations:

1. Bounce from a long term support at ~$4.50 with constructive trend in oscillators.
2. Price action suggests closing above short term moving averages (9 & 21 case in point).
3. General up-tick in Market to catalyze a move towards 50% Fibonacci (as plotted on the chart) coinciding with horizontal resistant region at ~$6.70.

Trade Setup:

Buy zone: $4.95, $4.71, $4.56 - Preferably 33% each

Stop Loss: Close below $4.34

Sell Zone: 20% at $5.40, 30% at $5.70, 50% at $6.70

Trade chiuso: stop raggiunto

Approaching first sell zone.

Trade attivo

Approaching first sell zone.

Nota

We have reduced our long position in EOS

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