EOS Daily Dose 3/25/19
My last post indicated that I expected EOS to bounce at and try to make a move up about $4.00. That has not happened yet, but out of all the major drops over the weekend between BTC/ETH/XRP, EOS hasn’t moved. That being said, there is still a possibility to re-long EOS here but I am not going to. Although there could be a move up to $4, I like the possibility of longing at $3.0 or $2.70 the best. The profit margins are way higher there and the risk will have been minimized so stay patient for now. I typically don’t like trading popular patterns but there is a bearish pennant formation so according to rules of the bearish pennant, my long at $3/$2.7 would hit.
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.