EOS - What Am I Doing With EOS?
Hey Folks. What's up.
Hope you are all well today and you are eating your brocolli. If it gives you indigestion, avacado's are usually a better shout.
Personally, I find they make me happy to eat and make my trading better.
Before we get onto the meat (I am a vegeterian so it might be a little awkward) all I ask you is to follow me on twitter & telegram to appease my delicate ego
T.Me/CryptoShadowAnnouncements
twitter.com/CryptoShadowOfficial
So wtf is up with EOS?
So - the EOS mainnet is roughly 23-24 days away from now. This makes EOS a good play for this month, Furthermore, there is an airdrop in 2 days.
From looking at the chart EOS is actually looking very bullish to me. But the scenario isn't simple.
Why? Well. The signs are bullish, the volume is great, we are testiing the ichi cloud on the 3hr & have broken the 1hr one.
But it is very likely that we get close to ATH and pullback into a further correction.
If you look at the daily chart we have done 4x in a very short term. The daily chart doesn't look too good.
But heck, when does EOS care about T.A?!?
I feel the correction may be complete - but it is risky when looking at a higher time frame.
For example, people dumping after the airdrop in 2 days and extending the correction could be plausible.
If you are holding EOS, here is a strategy for you.
Take profit off the table at 23 (if EOS get's there). Then rebuy on a break of ATH if it cracks it with more than a candle.
This is the safest option for EOS traders right now. Be prepared for all scenarios as always,
Points of consideration:
Support @ 184-172
Resistance @ 20000,215000,23000
If you find me T.A helpful, gimme a like. Comment and i will reply. Join my V.I.P to get more premium first hand content.
Peace
- Love Shadow
Hope you are all well today and you are eating your brocolli. If it gives you indigestion, avacado's are usually a better shout.
Personally, I find they make me happy to eat and make my trading better.
Before we get onto the meat (I am a vegeterian so it might be a little awkward) all I ask you is to follow me on twitter & telegram to appease my delicate ego
T.Me/CryptoShadowAnnouncements
twitter.com/CryptoShadowOfficial
So wtf is up with EOS?
So - the EOS mainnet is roughly 23-24 days away from now. This makes EOS a good play for this month, Furthermore, there is an airdrop in 2 days.
From looking at the chart EOS is actually looking very bullish to me. But the scenario isn't simple.
Why? Well. The signs are bullish, the volume is great, we are testiing the ichi cloud on the 3hr & have broken the 1hr one.
But it is very likely that we get close to ATH and pullback into a further correction.
If you look at the daily chart we have done 4x in a very short term. The daily chart doesn't look too good.
But heck, when does EOS care about T.A?!?
I feel the correction may be complete - but it is risky when looking at a higher time frame.
For example, people dumping after the airdrop in 2 days and extending the correction could be plausible.
If you are holding EOS, here is a strategy for you.
Take profit off the table at 23 (if EOS get's there). Then rebuy on a break of ATH if it cracks it with more than a candle.
This is the safest option for EOS traders right now. Be prepared for all scenarios as always,
Points of consideration:
Support @ 184-172
Resistance @ 20000,215000,23000
If you find me T.A helpful, gimme a like. Comment and i will reply. Join my V.I.P to get more premium first hand content.
Peace
- Love Shadow
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