EOS/USDT Secondary trend. Triangle. Pivot area. Price 5.19

A triangle has formed in the secondary trend. Volatility decreases, the price is clamped. Potential reversal zone. At the moment now the price is $ 5.19

Coin at Coenmarket: EOS

Past trading idea (this is a continuation of the trend).
EOS/USDT Secondary trend.Wedge

Comentário:

After the triangle break down and the squeeze reached the 2.44 level. The price has been squeezed between the levels of 3-3.55 in a horizontal channel with 18% step for about 1 month. Since the local channel has existed for a long time and it does not have a large % step, there is a probability of exit from it in the near future.

Comentário:

Further after the triangle break down, a downtrend develops, forming a wedge. But, it is worth noting that the volatility has decreased significantly.

Work with a breakdown of the wedge resistance (important, high volume of the buyer) or with a stop at this point before the breakdown (risk).

It is worth noting that during the past dumps before the trend reversal, the price 2 times fell by a squeeze into the zone of 1.3-1.6$ Can in such a case use a stop with buy orders, in case of such a scenario (not necessarily).

Comentário: