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WiThConFi
May 5, 2018 9:48 AM

IF EOS BREAKS SUPPORT - SHORT Short

EOS / BitcoinBitfinex

Description

EOS has been running hot for a couple of days and I wouldn't be surprised if it gave up steam to go any higher. If EOS price action breaks the 0.618 support I would short. If EOS continues upwards for another day I would stay in the trade or buy more near support. EOS is a risky trade due to its extremely high run up without strong correction.

EOSBTC Daily chart.

Comment

Closer look that confirms volume breakout.
Comments
Shadow20v
looks like its going to break the 0.681 fib line. i'd buy in at the 0.5 fib or just below.
WiThConFi
@Shadow20v, imo if it breaks the 0.681 fib line its going to run up and down quite a lot between the next support and resistance. I think it will continue off the 0.681 fib
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