EOS/USD - Potential H&S Pattern - Trade the break

30 Eyl 2018

It looks like EOS is forming a head and shoulder pattern again. The idea is to trade the break of the neckline, 1-hour time filter can be applied for additional confirmation as there might be a false break.
Stop loss above the 2nd shoulder. TP level based on the M.P.O. projection.
Try to keep it simple. Found out that simple analyses and basic pattern work very well in the crypto market.

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30 Eyl 2018

Not

If you think is not going to work out, look at the previous one, that I posted last Sunday)) . Looks really similar, with the second shoulder having 2-3 sub shoulders!
Think we gonna see smth similar now as well with the break of the neck-line on Monday.

30 Eyl 2018

Not

Still going to trade the break of the neck-line with the new SL above the new recent high (2nd shoulder)!

30 Eyl 2018

Not

And if looking at the daily chart, it looks pretty bearidh as well. STCH bearish cross, a break of the uptrend on the RSI will mean a touch and a potential break of bottom of the triangle:

30 Eyl 2018

İşlem aktif

It happened even faster than i expected, in the trade now
good luck to all who are shorting it as well!

1 Eki 2018

İşlem aktif

Despite the fact that on the initial chart, the SL level has been reached as mentioned the new SL level was above the recent high - 5.96 level. Still in the trade!

10 Eki 2018

İşlem aktif

23 Eki 2018

İşlem kapandı: durdurma seviyesi