botje11
Long

EOS, similar shape as Bitcoin lately, about to break up?

BITFINEX:EOSUSD   EOS / Dollar
EOS is moving very similar as Bitcoin the past month. Inside a triangle and at the moment in some kind of bull flag . A small drop would be perfect to try a long here with support around that green area that should hold. Otherwise we could see an attempt to break that support line at the lows.

Sep 23
Comment: Previous analysis:
Sep 24
Comment: At the moment it has tested the support line of the former triangle it was in. Bounce up is decent but not convincing yet. Today's low should stay intact around 5.6/5.5.


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On the contrary, since the price was rejected under the technical selling pressure of the 0.786 Fibonacci retracement level , EOS should make a quick test of the 4.6650 support, followed by our target: 3.8925

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RickyParker InvestingScope
@InvestingScope, 3.9 really
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@botje11 Is this still in play or void now with the drop?
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BTC looking like it’s about to shit the bed while everyone is at church.
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@botje can you please post an update on btc? Thanks
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Nothing breaks up if bitcoin doesn’t break up. If you see such movement then it’s clearly a sign on of FOMO, nothing else. See XRP or Stellar. People are in fear to miss this oppurtunity for a second time therefore buying in bulks. Don’t fall for it. Man I see all these panic buyers everywhere.
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@serhan, Rofl, those movements don't make FOMO retail traders, wake up man xD
+1 Reply
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