ggintelrn
Short

EOS new zone

BITFINEX:EOSUSD   EOS / Dollar
Eos climb has been quick, but probably too quick. it hits fib at 11.48 a few times, but volume is decreasing and it won't break 11.48 this time. Next target is lower fib at 10.74USD
Comment: Also MACD seems to turn bearish short term
Comment: Based on previous retracements and monthly fib levels, if it does not manage to sustain above 10.7 fib level, it could drop 3 fib lines in about 2 days to reach 9.34 usd.
thanks
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Doubt 9.34 is in the cards (unless crypto melts down) as that was the area it launched from. Today's action is VERY bullish and weakness will get aggressively bought going forward. Good call on the first dip though.
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stckpkr70009c stckpkr70009c
@stckpkr70009c, look at the chart on a longer time frame and you will see the bullish setup forming. Trying to get cute (I've tried many times) during a bull ramp like this usually costs gains. Buy and hold and buy any weakness imho.
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ggintelrn stckpkr70009c
@stckpkr70009c, true, the current dip might be because we reach price level of 18-22th december, just before that strong dip. And people holding bag just shorting right now. Same reasoning as cup and handle.Also 9.34 seems a bit low I agree, but market has been on and off last few days, I suppose 9.8 fib level could be more realistic.
+1 Reply
ggintelrn stckpkr70009c
@stckpkr70009c, on monthly chart
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ggintelrn stckpkr70009c
@stckpkr70009c, I am already in on XLM, so I'd have to pass that potential opportunity with EOS anyway.
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