Apparently I (and everybody else bullish on EOS) have been humbled by the market :(
It seems EOS is sitting on an important juncture of bullish and bearish channels.
If we go down, we may go down below $1
If we go up, the battle is still on to go above $12/$13 and break out of the downtrend channel.
The crypto climate (mass psychology is extremely bullish) is starting to look like the top maybe in, the risks start to outweight rewards.
It seems EOS is sitting on an important juncture of bullish and bearish channels.
If we go down, we may go down below $1
If we go up, the battle is still on to go above $12/$13 and break out of the downtrend channel.
The crypto climate (mass psychology is extremely bullish) is starting to look like the top maybe in, the risks start to outweight rewards.
If you are one step ahead of the crowd you are a "genius" and you make money off the crowd, if you are two steps ahead you are a lunatic and you lose money not being able to sync with the crowd, if you are three steps ahead - better find a new planet :)
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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.
If you are one step ahead of the crowd you are a "genius" and you make money off the crowd, if you are two steps ahead you are a lunatic and you lose money not being able to sync with the crowd, if you are three steps ahead - better find a new planet :)
Related publications
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.