Kryptotrejder

EOSBTC - how to find reverse zone?

Long
BITFINEX:EOSBTC   EOS / Bitcoin
First we need to identify possibilities of candle pattern 1-2-3 bottom formation. As we can see in history, this pattern failed many times, so be careful. Right now 1-2-3 bottom formation was created but not confirmed. Main resistance is on lvl 38500 sth, which is 38,2% Fib retracement of last main downtrend line and this value was respected on last local maximum "2". So create stoploss on this line because we cannot be sure if this formation will be confirmed. It seems that next local maximum will be higher and possible value can be around 42000sth.

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