EOS Downlink. Pivot points. Channel Trading. for BITFINEX:EOSUSD by SpartaBTC
EOS / USD On a global scale, formed a downward channel with a step of external 700%, internal 190%. Trading inside the channel.
Now the price is moving in the local downward channel in increments of 50%. The price is now near support, potentially, if support is confirmed in this formation, you can take a local movement + 50%
EOS local downlink. Potential + 50%
Pivot points (zones) and potential targets, depending on the reaction of the support / resistance level , I showed on the graph.
Particular attention should be paid to the intersection of important support / resistance and trending levels.
When trading, you need to understand that the coin on a global scale is in a downtrend.