Long on EOS/BTC, best mid-long term investment in the market.
EOS is still in its ICO phase and its marketcap is top5; on top of that the project is solid, and its been on a year-long ICO, which means it's probably the most DECENTRALIZED cryptocurrency out there, unlike those PRIVATE and then PUBLIC ICO's. It's lately showing signs of trading irrelevant of market ups and downs, and sometimes even going against it. We recently had a speculative bubble taking EOS price to around $22, and also 0.0025 BTC. This FOMO rally was caused by smart money getting ready for EOS' release in June 2nd. Smart money is buying right now. I can't guarantee you that EOS/USD will surely moon, as the whole market could just crash/go down again if the bearmarket is reestablished for one final big red week/month. But I'm fairly sure that EOS/BTC and/or EOS/ETH and/or EOS/anyothercryptoavailiableformargintrading will absolutely fucking moon. So if you bet on EOS in relation to BTC (in other words, going LONG on EOS/BTC) you're very likely to get great profits at a very low risk.
Right at this moment EOS seems to be in a consolidation phase, cooling off of a FOMO-ride (aka mini-speculative bubble). Consolidation phases are usually marked by low volatility, and can be interpreted as "late distribution" and "early accumulation phases" in bear/bull market cycles, respectively.
Entry point:
Anything under 0.0019
Targets:
At least 0.005 by May 31st.
After EOS snapshot/mainnet is release, expect the price to tank. Close your longs slightly before the release or slightly after it and you should be good.
If the Cryptocurrency market continues on this uptrend, or consolidates near where we are, I expect EOS to be hitting at the very least a price of 40$. Very likely to hit 60$.
Right at this moment EOS seems to be in a consolidation phase, cooling off of a FOMO-ride (aka mini-speculative bubble). Consolidation phases are usually marked by low volatility, and can be interpreted as "late distribution" and "early accumulation phases" in bear/bull market cycles, respectively.
Entry point:
Anything under 0.0019
Targets:
At least 0.005 by May 31st.
After EOS snapshot/mainnet is release, expect the price to tank. Close your longs slightly before the release or slightly after it and you should be good.
If the Cryptocurrency market continues on this uptrend, or consolidates near where we are, I expect EOS to be hitting at the very least a price of 40$. Very likely to hit 60$.
Comment:
Forgot to mention: The consolidation is also apparent on the ADX. Anything under 20 usually means consolidating/consolidated. When a trend starts, be it an uptrend/downtrend it'll go up.