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Kinashi_San
Jun 6, 2018 10:11 PM

$EOS USD - Short term bearish signals, how far down? Short

EOS / DollarBitfinex

Description

It seems that the steam have already cooled off for EOS but how far will it go?

While we are still looking bullish, we should expect to see the high $12 range within the next couple of days as this leading diagonal develops for the first wave of wave iii. There is a supporting trend line that originated since 10/2017 which needs to be respected. If we get a daily close below this trend line, likely we’ll be seeing $8 before resuming the up trend.



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Kinashi-San

*The ideas and comments expressed herein are my personal opinions and should not be taken as financial advice. Being a trader, at any given point in time, I may or may not be holding the asset in question. This is not a recommendation to buy, sell, or hold.*
Comments
jvbrittz
Are you taking in consideration that the tokens are actually frozen?

I mean, people can still trade inside the exchange that they have their tokens in, but for those who were holding to get the airdrops...

Kinashi_San
@jvbrittz, Thanks for pointing that out. Yes I'm considering that as we experience sideway market until we hit the supporting trend line. After that we'll either go up or down
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