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
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Well done those that caught the move... a -12% leg!
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