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EOS / BTC Line chart. The main trend. Potential trend reversal

I specially show the main trend of this trading pair on a line chart in order to remove the "market noise". Perhaps we are witnessing the emergence of a new uptrend. At the moment, the price is in the zone of historical lows.

Locally, in the secondary trend, the price leveling occurs, thereby forming the "Dragon" pattern. Two "paws" have formed. It will only be confirmed when the price breaks the downtrend of the secondary trend (purple). The reversal of the main downtrend itself will occur only when the price can overcome the red line shown on the chart.

The situation on this trading pair is similar to both ATOM/BTC before the reversal (at the moment about + 300% from the entry point).

The section of the graph of this trading situation in the secondary trend where the "Dragon" pattern is formed.

EOS / BTC Secondary Trend Potential Dragon and Pivot Zone

EOS / BTC Secondary Trend Potential Dragon and Pivot Zone

注释

Little by little the price is pushed towards the downward secondary trend. By 04 04 21 there will be an important moment. Interesting values of the intersection of the downtrend secondary trend and the level 777 at 04 04 21 (44/21)

注释

There is a breakdown of the downtrend secondary trend. The momentum is developing. + 25% This is a highly liquid instrument, which means how you can work with decent amounts on TRX

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+ 60% approached the important local resistance level 1188. The price is close to the downtrend

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+ 88% to the main downtrend and a rollback from it now. Potential entry points for local work are plotted on the chart. Do not be greedy in the trade and do not meddle ahead of time in the deal. If you are not sure, observe from the side or work in parts. Martingale can be used, but only wisely and in potential reversal zones.

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Pair to Bitcoin. Around + 100% from a breakout. + 216% from the first recommended entry point. The price exited the main downtrend

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EOS / BTC note how, after the breakout of the downtrend secondary and main trend, the price made + 240% and rolled back by -51% at the exact moment to the 1188 zone - the zone of intersection of the descending main trend and mirrored high support level prior to the breakout of the secondary downtrend. Potential reversal zone. Are such pullbacks a disappointment or an opportunity?) At the moment, the price is in a local uptrend.

Pay attention to the arrows when publishing the idea on 21 03 21 that was published before the trend reversal. An interesting tool for working and accumulating (increasing coins through trading). Know how to think independently, be attentive, always have your own plan and strategy of work, protect your profits and you will have happiness and emotional peace during the "sacrifices of weak hands"

注释

+ 62% from the reversal level zone (intersection of trend lines) exactly at the specified local resistance level. A sideways trend is formed under this level (the price is deliberately clamped by orders on liquid exchanges in a narrow range). Breakout of this zone - this local impulse rally acts as the flagpole of the upward pennant. The first resistance is the area of level 27 or slightly lower if they decide to form a large triangle in the trend. A rollback is possible in all cases to an upward secondary trend. This is normal, it is healthy, logical without risks when everyone earns and there is no "critical mass".

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The local triangle was reformatted into a wedge (breaking through the support of the local uptrend (green). Important resistance and trend zones on which the development of the local trend depends on the chart. It is worth noting that the bold downtrend is the line of the main trend.

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After the wedge breakout, an accumulation channel was formed. Further work on the instrument. Areas of potential reversal are circled

注释

Pair to Bitcoin. After the breakout of the wedge, an accumulation channel was formed. Further work on the instrument. Potential reversal areas are circled