EOS ready for bull run round 2?

In February we have seen a bull run of around 50%.
We than entered a retracement period.
Are we ready for round 2?

We can clearly see a triangle forming during this retracement period the volume confirms this triangle.
A triangle however is not really a very bullish or bearish sign. But we can however we nicely use this
to determine when to enter. I will get back on this later.

There a few bullish signs:

- The fast ema(50) is above the slow ema(200)

- Price is above a green ichimoku cloud.

- Conversion line(blue line) is above the base line(the red line)

- A hidden bull div, price making higher lows and oscillators making lower lows.
This hidden bull div is very good in a retracement period after an uptrend.
It shows signs of trend continuation.


Oscillators:
RSI itself is pretty neutral at around 50.
The stoch rsi is more on the bullish side but not overwhelmingly bullish.


So how to trade this?

Kommentera:

Is see the last part got cut off for some reason so here it is :

We can trade this using the triangle.
We wanna look out for a bigger green candle breaking out of
the triangle. Always see if the candle has enough volume
with it so we don't enter a fake out.

With my analysis I mostly try to figure out if the market is gonna go up or down.
So I don't have any good targets. But I mosly look at old support/resitance areas.
Two of them are around the green horizontal lines on the chart.

Same goes for stop losses use your own stop loss strategy but I probly put them around the
fast ema and base line.

Happy trading and please let me know if you did some analysis of your own and share you ideas.

Kommentera:

Well that were some quick profits.