Hello, dear members of LeoFinance!
Today, I just want to highlight in the daily chart (1D) of EOS/USD a Moving Average Crossover took place:
As can be seen from the chart the 30-day Moving Average (MA 30) crossed the 90-day Moving Average (MA 90). This is a nice bullish signal indicating potential trend reversal.
To be continued ...
As of the time of writing, one EOS costs $5,15 on the Bitfinex crypto exchange, according to TradingView.
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last 14,5 years, and as a cryptocurrency analyst for the last 3,5 years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.
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@cryptospa I have some little EOS and I was planning to sell them off but now that I have read this wonderful analysis of yours then it means I will not sell it because I will make more profit in the future as the price will go more bullish...thanks for this awesome analysis....
@ofokotome, it is up to you! It is not a recommendation or investment advice.
Интересный график, но из-за того, что реч идет о EOS скептически отношусь к перспективе. Как-то уж очень большая у меня интуитивная нелюбовь по отношению до этого токена.
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@cranium.leo , спасибо за коментарий!
@cryptospa this is the right time for the sellers to close their sell orders on the eos/USD market....
@havevo , what do you mean?
@cryptospa the moving average crossovers signals a buliish trend so it's time to keep buying,so those who were selling will have to close the sell orders in order to prevent loss..
Ah, I see. Thank you, @havevo! I think it is very dangerous to short a cryptocurrency. I never short cryptocurrency. Only long trades!
Thanks for your analysis as always. From a fundamental perspective, I read that Dan Latimer left the project? Not sure how it'll affect eos.
It is better. When Dan left STEEM/HIVE it started to prosper.
Bitcoin started to prosper even without Satoshi Nakamoto. :)
Ah, that's a good point. Hadn't thought about that.
Just my opinion. I don't claim to be right.
Thank you!
@omorokiba I think adjusting the moving average paramaters can help to deal with the lagging,or use the moving average on various time-frames to see both the long and short term trend....
@cryptospa the moving average Is a good indicator which I love to use too because it works well though sometimes it can be lagging in a fast market...good analysis from you handsome...