EOSUSD - Long term
Updated
Hi,
I've been quiet and watching from afar since February, why? Because emotions destroy your profile and will make you bankrupt in no time. How so, you ask.... Emotional trades are the ones you lose sight of your gains and losses, more times than not you will end up losing money because the rationale was poor.
I lost roughly 25% due to emotional trades, lesson learned and thus I had set my buy limits according to trends and what I see Crypto evaluation being at the END OF THE YEAR. Who wouldn't be happy making 100%+ returns, don't let greed get in your face.
Enough blabbering, here's an idea for EOSUSD.
We've formed a solid cup and handle, which in the bigger picture looks like an upside down H&S formation - this is dependant on the volume of how crucial it is.
My graph isn't exactly complex, it's based on 3 trends analyzed. Fib circles, fib lines and a pitchfork projection. Why? It gives you an idea to focus on the long run but still have an idea what to expect for turbulence.
I'm expecting a correction (wave 4) back to roughly $14-15 per coin, your risk of appetite and goals of the trade will determine where YOU want to get in during the cycle. so if you're buying short term, be a little patient; if you want to go long term, this is a good buy in my opinion.
Please make your own decisions, I'm simply playing the $1 psychic.
Cheers,
I've been quiet and watching from afar since February, why? Because emotions destroy your profile and will make you bankrupt in no time. How so, you ask.... Emotional trades are the ones you lose sight of your gains and losses, more times than not you will end up losing money because the rationale was poor.
I lost roughly 25% due to emotional trades, lesson learned and thus I had set my buy limits according to trends and what I see Crypto evaluation being at the END OF THE YEAR. Who wouldn't be happy making 100%+ returns, don't let greed get in your face.
Enough blabbering, here's an idea for EOSUSD.
We've formed a solid cup and handle, which in the bigger picture looks like an upside down H&S formation - this is dependant on the volume of how crucial it is.
My graph isn't exactly complex, it's based on 3 trends analyzed. Fib circles, fib lines and a pitchfork projection. Why? It gives you an idea to focus on the long run but still have an idea what to expect for turbulence.
I'm expecting a correction (wave 4) back to roughly $14-15 per coin, your risk of appetite and goals of the trade will determine where YOU want to get in during the cycle. so if you're buying short term, be a little patient; if you want to go long term, this is a good buy in my opinion.
Please make your own decisions, I'm simply playing the $1 psychic.
Cheers,
Note
Perfectly on track.Note
We're approaching buy area 2.Note
Our trade is now active.Note
Trade active
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