Hey team,
EOS has been one of the markets that I've been loving lately, simply because it's been trading in a textbook manner.
After we shorted EOS off the top zone in the following daily chart, price has now found itself trading around the middle zone:
EOS/USD Daily:
While Ethereum and Bitcoin may not have broken a single daily support zone during the most recent correction, EOS on the other hand was crushed.
Not only did it go through a higher time frame support zone, but it also then retested it as resistance and has stayed below it.
Just take a look at the intraday price action on the EOS hourly chart below:
EOS/USD Hourly:
While it's frustrating for long term holders, its still money for the day traders.
Find those short term zones, wait for multiple time frames to line up and trade around them.
By the way, how good is it that crypto markets are open on the weekend.
How did we ever manage only trading traditional forex markets Monday to Friday before ;)
Best of probabilities to you,
Dane.
FOREX BROKR | LeoFinance Blog
Daily market analysis.
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I kinda feel like EOS is not going anywhere anytime soon. I think I will sell the next time it moves up.
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Yeah, this post is talking about EOS from a purely day trading perspective.
As a fellow long term holder, I feel the same about dumping back above $5.
Block.One have consistently shown us that all they are about is the EOSIO protocol.
They don't actually give a shit about the EOS mainnet (and therefore the EOS token price).
In my opinion, any value derived from their connections and future projects won't be reflected in the EOS price and it's time to move on.
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I hope we get that bounce then, I have heard that even all the airdrops they had, in the beginning, were not that great either. I'm not even interested to see them I don't think.
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Yo creo que se puede dibujar un pequeño triangulo ascendente en 1D, en 4H se veria un poco mejor, pero no soy experto, aunque me gusta lo que se ve, la seguire a ver que tal.
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Hey mate,
With my posts being made in English, do you mind also posting your comments in English?
At least throw it into Google translate so I don't have to.
Cheers.
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