rmugavin

EOS Breaks Previous Swing High. Looking Bullish.

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BITMEX:EOSM20   None
EOS has just busted out of it's long term downtrend.

Looking at it's BTC chart on Binance, we can see it formed a descending wedge into a demand zone, which has since broken with a strong Impulse move to the upside.

Market Structure has gone from Bearish to Bullish, and now is a perfect time to place entries in anticipation of picking the first Higher Low of the uptrend I predict will be formed.

Ideal Entries at the 4H demand zone around 3500, which coincides beautifully with the 61.8 Fib Line
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