Arguments: - Both Gann Squares are aligned at the same point (Strong indicator!). - Bullish Gartley /Bat is completed? It's a mix between those two I think. - Gann fan line is also aligned with the last bottom.
I'll will try to find out where the exact target will be later on.
Make sure you do a stop loss on this one!
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Many of you are probably aware of the descending wedge (I forgot to mention this yesterday). Anyway, currently it is breaking through the upper line. A very good sign!
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Sidekick: Here is my earlier idea on EOSUSD. Yes it didn't reach the target but the Gann square is still valid (look at the blue arcs and how it dodges currently).
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The old idea gives quite good results on copies of the March - April rally. If it holds the blue arcs.
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I think a long position right now should be good one now (a close-up from my idea named "EOS is Tricky"):
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I'm sorry I've been away on this idea. It seems like BTC is stronger than altcoins, and therefore I've been watching BTC instead.
This idea are now getting a bit critical. My strategy is to make sure it doesn't leave the arc at the bottom. This is also a great entry for a long position. Make sure to do a stop loss not that far beyond the outer arc in that case.
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It totally broke through the outer arc now and this idea lost its main arguments! I hope you used the stop loss!
The last support is the trendline, but it doesn't look good at all!
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It's all about BTC for the moment and my latest idea on BTC says it will go down next days before eventually turning upwards.
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Even the trend line at the bottom looks weak now...