/biz/ - Business & Finance

EOS/BTC
The currency has been in an uptrend and the price is now in the "Buy Zone" of the Bollinger bands. The RSI is around 68. There is also an uptrend in the RSI which acts as a dynamic support and prevents price from more losses. We define our buy zone between the Fibonacci levels of 38.2% and 50.0%, so we can benefit from the uptrend if pullback to this zone.

Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.

Take Profits:
We take two trades accordingly:
1. first resistance is at 0.00132 and will be our target
2. Without target