EOS - so what ? UP or DOWN ?
Updated
Hello everybody!
Well, I decided to post and share my vision of the long path of the EOS.
Nowadays I see this two possible paths of the EOS continuation. Where can we get or when can we end ?
On the chart you can see the corrective version up and down. I think we will go down more likely than up due to circumstances.
In these days is hard to say what impact the BTC -1.86% could have on this coin. Therefore we have to keep in mind and watch closely on the BTC -1.86% also.
If I get some thumbs up and I feel like you are interested in that, then I keep going to update this path and share these moments with you.
I hope we are going to enjoy this ride !
Well, I decided to post and share my vision of the long path of the EOS.
Nowadays I see this two possible paths of the EOS continuation. Where can we get or when can we end ?
On the chart you can see the corrective version up and down. I think we will go down more likely than up due to circumstances.
In these days is hard to say what impact the BTC -1.86% could have on this coin. Therefore we have to keep in mind and watch closely on the BTC -1.86% also.
If I get some thumbs up and I feel like you are interested in that, then I keep going to update this path and share these moments with you.
I hope we are going to enjoy this ride !
Note
Here we come. So we are consolidating inside the bull flag right now. There are two possibilities.
The first one : we can break up the flag and closed above.. then we could reach the target.
The second one : we just bounce from the upper line of flag and fall down. But we can stop on the MA200 which is our first support.
Keep an eye if we can break this formation.
Note
Ok, is anybody here ? Or I am going to talk to window all the time ? Because I am starting to loose my motivation to proceed in my prediction.
Maybe I should post some pretty impossible epic prediction to 100$. Where I can say we are going to the moon ! and nobody cares about this real situation in the market...
Note
Inside the bear flag. We broke the short-term trendline and the MA200 is our support. When we break down the first support below us can stop us, but keep in mind that it could be a bull trap. Note
There is an attempt to get back inside the channel but without strenght to do that. The MA200 is our resistance. Still no volume. So nothing has changed.Note
Note
We closed 15min candle high above the MA200. Note
Still in channel. Keep an eye on it.Note
It seems that BTC chose the direction. EOS will follow his movement.Note
And there are also good news that the FSS reported all Tethers in circulation are fully backed by existing USD reserves.Note
So, we have broken ouf of the channel. Support levels are marked on the chart.Possible moves sketched with yelow. Indicators oversold.
Trade closed: target reached
Short position closed. There is a chance that market will go for lower price as 5,25 or even 4,6. It depends on BTC behavior.
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