EOS/BTC 1D (Binance) Descending parallel channels on support

14 May 2020

EOS is facing mid-line support of big descending channel (beige one) and lower-line support of the small one (pink).
Bitcoin has been giving ALTs a hard time, but the big market-cap coins should recover faster.
I'm expecting a bounce soon and maybe a reversal towards upper channel line:

Buy Entry= 0.0002662 - 0.0002560
Take Profit= 0.0003224 | 0.0003621 | 0.0004262
Stop Loss= 0.0001998

Risk/Reward= 1:1 | 1:1.65 | 1:2.69
Expected Profit= 23.48% | 38.68% | 63.23%
Possible Loss= -23.48%

Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x

15 May 2020

İşlem aktif

2/3 entries filled and already going up 🤞🏼