The MACD recently crossed and we are seeing some sell volume after a few days of stronger buy volume. The current candle is testing the daily pivot point. If we break down below the daily BC and below $6.18, I can see us testing the area at about the 50 MA, which happens to be in between R1 and P. I would like to trade sideways there for a little bit to accumulate some EOS. If we can then break above R1, it does not look like there is much stopping us from testing the area just below R2, which is where I will sell for a quick profit of 15.46%.
If the plan fails, I am treating the area between the 100 and 200 MA and S1 as a great place to pick up more EOS, with a plan to test the $6 range again for up to 25% profit.
This is my own personal plan. Good luck with your trades.
If the plan fails, I am treating the area between the 100 and 200 MA and S1 as a great place to pick up more EOS, with a plan to test the $6 range again for up to 25% profit.
This is my own personal plan. Good luck with your trades.
Trade active:
We tested that 50MA almost perfectly. I am going to grab a little EOS in this zone and hold it back up to my sell zone.
A further breakdown from here and I am going to be watching the 100MA and 200MA, near P. Anything below that area is my gold buy zone.
This is my own personal plan. Good luck with your trades.
A further breakdown from here and I am going to be watching the 100MA and 200MA, near P. Anything below that area is my gold buy zone.
This is my own personal plan. Good luck with your trades.
Comment:
Here is a screenshot of the area of my gold buy zone highlighted. Anything in this region is a great buy, in my opinion.
This is my own personal plan. Good luck with your trades.
This is my own personal plan. Good luck with your trades.
Comment:
I'm off until tomorrow.
I will put a buy in my buy zone at $5.60. I will also put a buy at $5.14 and another at $4.81.
I bought earlier (as planned) when the wick from the earlier candle entered my buy zone. I will put in a sell for that at $6.49, for a potential profit of 17.16% (even better than I projected!). If you were able to buy in my zone earlier and don't want to get too greedy, a sell at $5.88 or $6.18 would yield about a 5% or 10% profit respectively.
I will reassess my positions tomorrow.
This is my own personal plan. Good luck with your trades.
I will put a buy in my buy zone at $5.60. I will also put a buy at $5.14 and another at $4.81.
I bought earlier (as planned) when the wick from the earlier candle entered my buy zone. I will put in a sell for that at $6.49, for a potential profit of 17.16% (even better than I projected!). If you were able to buy in my zone earlier and don't want to get too greedy, a sell at $5.88 or $6.18 would yield about a 5% or 10% profit respectively.
I will reassess my positions tomorrow.
This is my own personal plan. Good luck with your trades.
Comment:
Comment:
Good day.
We went back into my buy zone. It did not trigger any my buys, but I am going to hold out to see if we can re-enter this zone and get more. The 50MA is rising higher into my buy zone, so I will watch to see how reactive we are off of that. I am cancelling my (second) buy order at $5.60 and putting in a new one at $5.65, just above the MA.
I will leave the other buy orders below the buy zone just in case of more downside. $5.10 should hold up well for EOS, and anything under that is a "gold buy" for me.
I am leaving my sell at $6.49 for the EOS I scooped up earlier, for a potential profit 17.16% profit.
Watch closely today, guys.
This is my own personal plan. Good luck with your trades.
We went back into my buy zone. It did not trigger any my buys, but I am going to hold out to see if we can re-enter this zone and get more. The 50MA is rising higher into my buy zone, so I will watch to see how reactive we are off of that. I am cancelling my (second) buy order at $5.60 and putting in a new one at $5.65, just above the MA.
I will leave the other buy orders below the buy zone just in case of more downside. $5.10 should hold up well for EOS, and anything under that is a "gold buy" for me.
I am leaving my sell at $6.49 for the EOS I scooped up earlier, for a potential profit 17.16% profit.
Watch closely today, guys.
This is my own personal plan. Good luck with your trades.
Comment:
If we close above $5.86, I can see us going toward the target zone to sell again. This is especially true if we see a few more candles close above that area. I am going to keep an eye on the MACD, though I like how we played off of the 50MA (green line) and continued to trade above it. RSI could be showing a bullish signal soon, crossing over the 50 center line.
This is my own personal plan. Good luck with your trades.
If we close above $5.86, I can see us going toward the target zone to sell again. This is especially true if we see a few more candles close above that area. I am going to keep an eye on the MACD, though I like how we played off of the 50MA (green line) and continued to trade above it. RSI could be showing a bullish signal soon, crossing over the 50 center line.
This is my own personal plan. Good luck with your trades.
Comment:
As you can see, we are playing off of these purple resistance lines perfectly.
Closing above the resistance it is currently sitting on would be a good sign to me. The MACD and RSI are looking healthy, so keep your eyes out to test that upper resistance again and possibly break out into our target...
As you can see, we are playing off of these purple resistance lines perfectly.
Closing above the resistance it is currently sitting on would be a good sign to me. The MACD and RSI are looking healthy, so keep your eyes out to test that upper resistance again and possibly break out into our target...
Comment:
Luckily, we closed the previous candle above that purple resistance we were watching. We will test the next level of resistance right now, to see if we will break above into the target zone soon or not.
Note that the MACD just crossed. Looking pretty good, keep an eye out.
Luckily, we closed the previous candle above that purple resistance we were watching. We will test the next level of resistance right now, to see if we will break above into the target zone soon or not.
Note that the MACD just crossed. Looking pretty good, keep an eye out.
Trade closed: target reached:
As you can see, my sell was triggered as we entered the target was reached.
To summarize:
You could have shorted at the start of this trade and then successfully bought back in my buy zone. The crossing MACD at the start of this idea implied that we should sell. We ended up touching the bottom of my buy zone exactly. Very nice!
From there, it was a little bit of a waiting came -- calculating where to put your stops, what levels of resistance we needed to get through, and where to take profits. I suggested that you could take profits at $5.88 or $6.15 if you did not want to get too greedy. These were resistance levels.
Personally, I kept a close eye on the price action and saw that when we closed well above the $5.88 at $6.04, it was worth watching to see us test the next level of resistance, which became $6.28. Sure enough, we tested it almost perfectly...we did not close above it in our first try, but the succeeding candles closed above it.
The RSI crossed the 50 center line and the MACD crossed back over in a bullish way, which suggested to me that we were going to hit my target zone.
My order triggered at $6.49 (the price is currently $6.50 as I type this), and the trade is closed for a little over a 17% profit.
As you can see, my sell was triggered as we entered the target was reached.
To summarize:
You could have shorted at the start of this trade and then successfully bought back in my buy zone. The crossing MACD at the start of this idea implied that we should sell. We ended up touching the bottom of my buy zone exactly. Very nice!
From there, it was a little bit of a waiting came -- calculating where to put your stops, what levels of resistance we needed to get through, and where to take profits. I suggested that you could take profits at $5.88 or $6.15 if you did not want to get too greedy. These were resistance levels.
Personally, I kept a close eye on the price action and saw that when we closed well above the $5.88 at $6.04, it was worth watching to see us test the next level of resistance, which became $6.28. Sure enough, we tested it almost perfectly...we did not close above it in our first try, but the succeeding candles closed above it.
The RSI crossed the 50 center line and the MACD crossed back over in a bullish way, which suggested to me that we were going to hit my target zone.
My order triggered at $6.49 (the price is currently $6.50 as I type this), and the trade is closed for a little over a 17% profit.
Comment:
On the next candle, watch to see if we break below the buy zone toward the P line. We have the 100 and 200 MA there as well. If we break below that, it will be a great time to grab some more EOS.
This is my own personal plan. Good luck with your trades.