Crypto Trading Idea, Analysis & Setup Jan Robert: Buy EOS Monday August 20

Technical Chart Analysis :
EOS/USD
Summary: EOS has been hammered in the last weeks, completely in line with the total Crypto Market. EOS reached a low of $4,177 on August 14. From that point, EOS jumped to $5,50.

Trade Idea: Buy EOS @5,02 with stop-loss below $4. This means a stop-loss of approximately 20% below the current entry level and with a target of $9 which is the previous high of July, we have a profit/risk-ratio of 4 which is for me a decent ratio. First resistance we can find at $6,50.

Note: – Always DOYR (Do Your Own Research). This is not an explicit advice and just for educational reasons. You can read more about our Price Action Course here: https://cryptoacademy.nl/price-action-trading/

Chart Commentary Disclaimer: Our views on the Charts is not advice or a recommendation, it is educational and general information only.