Looks like we have a nice ABC zig zag in the fourth that just bounced off on our 200 MA in the 4hr chart. I’m bullish on EOS due to the release that's coming in June. Feel free to review my previous idea on EOS in the related ideas section below. Even though I'm bullish , let’s still trade above the pivot point just to be safe since we are still down trend at the moment.
Up close and personal with the pivot point:
Entry: buy stop at 17500 Stop: below 800H MA or 15500 Target: 32K Risk / reward ratio: 1:7
Found this idea to be entertaining or absolute garbage? Feel free to let me know with a like or comment. As always, good luck and stay safe!
Kinashi-San
*For pure fun and joy, not financial advice. Not a recommendation to buy sell or hold.*
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At this point we're trading below the 200MA which we haven't done so since March. I don't recommend getting in no matter how good the discount is. This is why we use pivot points for confirmation and entries
I'm getting real nervous. Still holding on to my coins because it's a great project and looking forward to main net. It's the biggest chunk of my portfolio along with 0x and others. Took profit around $17. Didn't mind the consolidation but now been watching the down fall since then. Now I see $12 and not sure what to do. I hope something did not go wrong with the project. Haven't seen any news yet. Racked up beginning of April and now seeing it get closer to my position.
Slik50Play
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@Slik50Play, On the good side I still have a good amount of tether. BTC rules everything so I have to wait until that straighten up before buying more EOS and others.
Kinashi_San
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@Slik50Play, It's all technical based on BTC's movement at the moment. We're still looking good I would say
miquael
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@Slik50Play, no worries. This is normal market correction. EOS is golden.
encladd
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Thanks for this chart. Seems like everything is pulling back. Interested on your comments and updates on your ZRX chart from a few days back.