ridethepig

ridethepig | Covering Some EOS Here...

Short
BITFINEX:EOSUSD   EOS / Dollar
On the EOS side, after testing back above 5.00 over the weekend local crypto exchanges were aggressive sellers of EOSUSD throughout the session, using rallies as an opportunity to cover. As short-term flows calmed, international inflows also resumed. On-shore Chinese demand continued to be buyers of EOS around 4.75 yesterday, but the sizes were a lot smaller than the past two weeks.

The original portfolio position is +155% so there is no harm in taking some chips off the table. For those tracking the original entries:


Risk markets are trading more positively, I continue to think the downside remains a buying opportunity in EOS , local exchange bids will limit the downside towards 4.50. A good opportunity to cover some and recycle at the lows aiming for the initial 5.00 highs from Saturday which is the first resistance to watch in order to unlock an impulsive leg towards 7.50.

On the BTC side we remain in the same flows, with the same drivers:


As usual thanks all for keeping the likes and comments coming!
Trade closed: target reached: Well done those that caught the move... a -12% leg!
Comment: For those looking to buy the dips, highly recommend digging into the latest idea

Related Ideas

Comments

please share your idea about eos/usdt. thanks bro
Reply
good job. please update eos . in weekly we have bullish cross in ichimoku .

also some currencies,as ethereum and trx have a positive cross at monthly timeframes
i expect Bitcoin to cross positive in monthly timeframe
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out