EOS - trading ICOs
EOS is still minting millions of new coins every day at the moment.
How do you trade an issue already valued at 1Billion+ (counting all 1billion coins trickling out) -
The answer is all in the price.
Using count back analysis can be helpful to give entry and exit signals when little else is known other than price.
Step 1 - find the lowest candle
Step 2 - count back 2 significant day candles
Step 3 - draw a green line to the right from 3rd candle
Step 4 - wait for a daily candle to close above the green line
That is your buy signal.
Step 5 - place your stop level - red line - at low of daily candle that closed above green line
How do you trade an issue already valued at 1Billion+ (counting all 1billion coins trickling out) -
The answer is all in the price.
Using count back analysis can be helpful to give entry and exit signals when little else is known other than price.
Step 1 - find the lowest candle
Step 2 - count back 2 significant day candles
Step 3 - draw a green line to the right from 3rd candle
Step 4 - wait for a daily candle to close above the green line
That is your buy signal.
Step 5 - place your stop level - red line - at low of daily candle that closed above green line
Trade closed manually
Price is consolidating sideways. Market is struggling to value project value at more than 2Billion dollars. Yet ethereum is now valued at 20Billion+, it just took a few months to get from there. So EOS has the potential to also be a big swinger in the space, in time.Current trade idea still valid as haven't been stopped out - as price has not closed below red stop loss line. But capital likely better deployed elsewhare into faster moving trends. Closing trade to re-enter later on a confirmed up trend tick.
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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.