Good luck @forex-intraday. What was your entry point? Did you get stopped out with that recent rise from $6.90-$7.45? Or are you still short?
As EOS approaches that descending resistance on the 1 day RSI, we should get an idea of whether or not this latest jump has legs, or is just another bull trap.
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Hey @workin2005, I'm not shorting EOS, I'm just waiting for a better price to buy it :)
This is an uptrend line that I drew on a daily chart. Here it is on an hourly chart.
After the breakout, the price is testing the old key-level. Nothing new from a technical point of view. Let's see if the price is able to go higher than that.
Good luck!
Oh...I guess I misunderstood. I took it literally when you said you where "short on EOS". My bad. Anyway, I wish you all the best @forex-intraday!
Ahahah actually my bad! Do you have a broker that allows you to short cryptocurrencies?
I have an American broker that I use to trade Forex and Stocks, but it only quotes Bitcoin.
You can short on Bitfinex, Kraken and BitMEX. It's a little more difficult if you live in the US, but where there's a will there's a way. I Always use a VPN for security. ;-)
Thanks! I don't live in the US, but I always used Bittrex and Binance, even if I knew the others. I'll have a closer look at those, thanks!
My pleasure