The trend is pulled up strongly I show all support lines EOS very good coin and last two week strongly went up. I began to argue. this is a few conclusions 1. Excess in one direction will lead to excess in the opposite direction. This effect is well demonstrated by the swing: the further you pull it, the stronger it will swing in the opposite direction. 2. Fast-growing or-falling markets go further than they seem, and they can not be corrected by a lateral trend. It means that the trend market in excess can reach a certain plateau, and you might think that this sideways trend is a new support line, below which the price will not go down. 3. Most purchases are made at a peak, and a minority - at the bottom. This means that if everyone is determined to buy, then, probably, the moment of reversal is approaching. And vice versa: if everyone is too pessimistic, then soon the price will start to grow.
@Selene0726, He did one on April 5, and he was right on the https://money....https://www.tradingview.com/chart/ADABTC/whmsTdhY-Cardano/
marinovl
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Thank you for your analysis, but I believe you are wrong, not because of your technical skills, but cause of sentiment, human nature, crypto space specifics and some movement that need to happen next week (either up or down). All the data is showing EOS MUST correct, but I believe it has already made its corrections, look at the volatility in very short time frames, often in sync with BTC/market moves. I have the feeling EOS in the past month is moving in triple fast forward speed than anything we have seen so far. I haven`t seen such type of behavior in such market situation in my short experience with crypto trading, what EOS is going to do in my opinion looks pretty impossible, but hey, this is crypto world :). Of course market needs to go up in the next week, starting tomorrow so I can prove you wrong, including bitcoin surpassing 10k USD barrier:) So good luck for me and thank you for your effort!
bbjansen
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@marinovl, I been holding EOS since October and I have seen it going from 0.50 cents to 19 back to 3 and now hit 20. Nothing will surprise me if it will go back to 9-13 before hitting 30. However, it would not surprise me either if it goes straight to 30, but retract back to 16-19 area. The latter seems very unlikely, although possible when taking the mainnet launch + airdrop hype into account. Either way, I sold half of my holdings at 23.40 and am waiting to buy back in.
EOS is the most overbought crypto in the space. It has solid long term potential if mainnet launch goes smoothly but at this point it's going to retrace heavily and I'm not one to buy ATHs.
markbachman
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update please.
fuadiansyah
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This is crazy, price need to retracts a little bit...