RIP EOS
Here's my thoughts on EOS. It's looking a lot like Bitcoin in late January of this year. It remains to be seen if it goes straight to this target, but I think it's likely it will get there eventually. There are a few levels to bounce off of before we get there. I put my doomsday level on here as well. I don't know if it will get down that far but it seems possible. Losing 80% of it's value would still have it over a 1.3 billion dollar market cap. That is in line with other similar alt coins which had their peaks earlier than EOS did.
Note
First Target. Not sure if it bounces here with BTC taking over dominance. Definitely take profit if you haven't.Note
This is definitely going lower if you can wait long enough.
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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.