The fundamentals of EOS appear increasingly dubious. Centralisation (50% of EOS on 10 wallets), many bugs found in the protocol, and potentially over promised functionality in "real world" conditions.
The success of EOS has largely been due to the extensive marketing hype, which seems to have now left the market over extended.
A Gann fan and Fibonacci retracement reveals clear order within the chart.
Key interactions between price action, Gann and Fib levels are highlighted in circles. Strong support levels are highlighted in blue.
Wave count places the current price at B, allowing for a good short entry.
Price currently within Triangle, once support breaks I expect to see a dramatic fall to the local support level at the 1.0 fib.
RSI appears ready for consolidation, and is currently finding resistance at 70.
Targets are placed at key Gann and Fib levels.
Entry: 0.00181
Stop: 0.00201
1st Target: 0.00131
2nd Target: 0.00105
3rd Target: 0.00057
The success of EOS has largely been due to the extensive marketing hype, which seems to have now left the market over extended.
A Gann fan and Fibonacci retracement reveals clear order within the chart.
Key interactions between price action, Gann and Fib levels are highlighted in circles. Strong support levels are highlighted in blue.
Wave count places the current price at B, allowing for a good short entry.
Price currently within Triangle, once support breaks I expect to see a dramatic fall to the local support level at the 1.0 fib.
RSI appears ready for consolidation, and is currently finding resistance at 70.
Targets are placed at key Gann and Fib levels.
Entry: 0.00181
Stop: 0.00201
1st Target: 0.00131
2nd Target: 0.00105
3rd Target: 0.00057
Trade active:
Comment:
Short term bearish signals on the 21 min chart
Comment:
Stop raised to 0.00207 to allow for excitement after Go vote
www.reddit.com/r/eos...nts/8ppi5y/its_a_go/
www.reddit.com/r/eos...nts/8ppi5y/its_a_go/
Comment:
Trade closed: target reached:
1st Target hit
Trade closed: target reached:
2nd Target hit