EOS Jumps ship from ETH blockcain world waits in suspense
Updated
Been watching EOS the last month i didn't decide to jump in till it droped to the 10-12
USD range recently. I also started doing some reading on the project, a lot of great media and hype around this project. This coin has a lot of movement and hype in short periods of time which leads me to believe it will be both a great HODL or short term play. The Volume is down and i think that's on the news that was released today from exchanges urging people to sit tight while the EOS project unhinges from the ETH ERC20 platform and migrates onto its own block chain. Looking at the MACD from the price drop you see a clear up trend so i believe people are HODLing and buying this coin very few bear sightings in the charts, sell dipse recovered quickly (note 2 large sell candles below the lightening symbols). Its a very neutral chart but i see a ton of potential in the coming weeks.
The Coin has been trading in a very narrow channel the last few days. I have a stop loss at 10, if your not in it would be wise to watch for EOS to break the channel with a buy signal or at least hit 13usd.
This is not financial advise, don't gamble money that you arn't willing to loose.
USD range recently. I also started doing some reading on the project, a lot of great media and hype around this project. This coin has a lot of movement and hype in short periods of time which leads me to believe it will be both a great HODL or short term play. The Volume is down and i think that's on the news that was released today from exchanges urging people to sit tight while the EOS project unhinges from the ETH ERC20 platform and migrates onto its own block chain. Looking at the MACD from the price drop you see a clear up trend so i believe people are HODLing and buying this coin very few bear sightings in the charts, sell dipse recovered quickly (note 2 large sell candles below the lightening symbols). Its a very neutral chart but i see a ton of potential in the coming weeks. The Coin has been trading in a very narrow channel the last few days. I have a stop loss at 10, if your not in it would be wise to watch for EOS to break the channel with a buy signal or at least hit 13usd.
This is not financial advise, don't gamble money that you arn't willing to loose.
Note
Was not expecting a jump that fast. EOS if it repeats past pasterns will probably take itself up to .236 and maybe past that. Went from neutral to very positive. Will be watching for signals :)
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