ridethepig | EOS Market Commentary 2020.09.08📌 Buyers have a good position here, because it is unlikely that sellers can manage to force a decision at the stops below 2.47x. But this somewhat clumsy setup creates some difficulties of its own.
The right play here is to ride the pig in BTC which will expose the topside across ETH, EOS, LTC and a few other major cryptos still holding on. The struggle to make this a more serious breakup towards $6 and $9 is possible if we see a momentum breakup.
The difficult task of finding attractive private assets is coming from populist manoeuvres. There is no comfortable way to play end game in the economic cycle, though I am continuing to long scarcity as the dollar is flushed. For those looking at the long-term outlook in Cryptos, BTC represents the entire sector and is opening up the attack on both sides.
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Daniellarimer
ridethepig | EOS Market Commentary 2020.02.18Trotting higher as ever and currently challenging the key $4.50 flip. I noticed better local RM EOS buying too, and I think that the coin could remain bullish until $7.5 before we see any serious official profit taking. I'd use any dips to enter shorts.
The same flows that have been in play since the pullback:
It remains the darling of Altcoins. High funding in the space but so far markets only reacting in a conventional manner. Taking $4.50 will help that support ant now an attractive momentum move in play.
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ridethepig | EOS Market Commentary 2020.01.31EOS also approaching first targets in the swing at $4.5 area as highlight previously. Some minor profit taking is expected on the cross but buying dips remains the preferred trade. That said, I don’t think there will be a prolonged, hard sell off. It’s not very inspiring but as long as EOS remains a funding currency patience and opportunism is the order of the day.
Bull's next move sees the swing materialise into an impulsive nature, for the threat is now an advance on the initial target at $4.50 at the right moment and extensions at $7.50. At the point where the swing was created will see defence return and absorb the momentum break, and is therefore logically linked to profit taking.
In the above flow, bears could not make good use of the channel as an attacking instrument. Buyers took full advantage of this, and I would consider the skeletons in BTC and LTC as totally identical in their characteristics.
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