INTERPRETATION
EOSBTC is a strong contender against the ethereum ecosystem. Despite being one of the more promising ICOs from 2017, the project has been underappreciated & undervalued simply secondary to the nature of ICO presentation and release process. The coin was flooded into the market & then inflated results in a polarizing trend. As people realize its value, the price will continue to grow in the long term. Very rough short-term extrapolation w/targets was also done.
POSITION
Entry @ 11900 (Short Targets @ 155400 & 171600)
EOSBTC is a strong contender against the ethereum ecosystem. Despite being one of the more promising ICOs from 2017, the project has been underappreciated & undervalued simply secondary to the nature of ICO presentation and release process. The coin was flooded into the market & then inflated results in a polarizing trend. As people realize its value, the price will continue to grow in the long term. Very rough short-term extrapolation w/targets was also done.POSITION
Entry @ 11900 (Short Targets @ 155400 & 171600)
Trade active
INTERPRETATIONWith the positive Weiss rating & technicals, the positive bull run will likely continue.
BUY SIGNALS
- Elliott 3rd wave possible
- Upcoming green cloud (increased buying pressure)
CAUTIONS/CONFIRMATIONS
- Confirm Elliott 3rd wave (exit if drops below bottom of "wave 2" or end of flag)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.