EOSUSD, long after accumulation between 6.88 - 7.2

Jun 17, 2019

I use volumetric method of market analisis in this chart. In this work i have nice helper - x-volume indicator. Its show strong accumulation for purchesing between 6.88 - 7.2. I draw levels with x-lines indicator and we have two close levels on 1H chart its 6.88 and 6.95. I explain.. when we have two close levels on one timeframe (in this situation its 1 hour timeframe), the lowest one in 90% is a strong resistence. Also as you can see we have big square without levels its from 6.95 to 7.39. And of course logicaly this kind of accumulation market doing for fast transite to 7.39.

More about x-volume indicator you can read in description.
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Jun 21, 2019

Note

accumulation is over, go up ..

Jun 21, 2019

Trade active

Jun 28, 2019

Trade closed: target reached