ridethepig
Long

ridethepig | EOS Market Commentary 2020.02.05

BITFINEX:EOSUSD   EOS / Dollar
I was hoping for a continuation of the EOS rally that started in Q419 and we got exactly that. I didn't really expect such a significant move higher in such a short space of time, however I will take that !! An absolutely flawless +85% rally since we began loading:


It was in EOS that I saw the biggest interest with offshore real and fast crypto accounts buying right from the open today. BTC having a better morning, but even with that rally, EOS was able to outperform roughly 5% today. There was better domestic news in EOS land around Block.one announcing a smart contract puzzle. This will render ETH as useless if EOSIO can store solidity.


Elsewhere BTC receiving strong flows inline with expectations, most notably the $10,000 target in play. There's still many moving parts and price action has been positive to say the least this year. I still favour trading EOS to the topside with secondary targets located next at $7.50.

Well done those taking some chips off the table!

Comments

great work man! I had quite similar ideas in jan, check one of them:


my first target around 6.2..hopefully it keeps going.)
Reply
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