realstep

EOS following Pitchfork Channel, Long Term Bullish

BITFINEX:EOSUSD   EOS / Dollar
EOSUSD is following closely to this picthfork channel providing possible short term plays.
I'm extremely bullish on the long term potential of EOS as a platform with our software team working on solutions in this area.
However, in the near term it looks like EOS will need to break out of the pitchfork for long term bullish trend .
I believe it will move fast once it breaks out so it's important to either watch closely and act quickly or accumulate and ignore short term downs.
Aug 23
Comment: I'm amazed at how EOS continues to follow this channel. I'm continuing to accumulate EOS at the low level for long term development purposes however it's typically not a good idea to buy as it continues to go down.
Note that EOS is running more transactions than almost all the other blockchain/cryptos combined showing it's real value, see blocktivity.info.
Just can't understand why any real developers would still be focused on ETH or BTC with EOS 0.5 sec transaction speed and unlimited capacity.
Sep 10
Comment: EOS continues to trade in the channel.
It's starting to turn the corner. The lows on 22 Aug 18 are higher than the lowest low of 14 Aug 18 and the low of 8 Sept 18 are higher than both previous lows.
Looks like a good time to buy (however with ETH crashing it could seriously affect all cryptos).
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