Hello Friends!
Your one and (hopefully, but don't worry, I don't get jealous) only trading advisor, BitBotly here with an analysis of EOS.
This analysis was made on request from one of our beta testers, Erick Boileau, we're happy to have you in the family bro!
Without further ado, let's get to it!
As we can see prices is in an upward-pointing channel which is usually a bullish sign.
We can also see that prices tend to retrace on the fib levels, and there is only one fib-level left to beat (the top one)
But going long now would be like jumping on a moving train:
It can be good, but you would be placed in a much better position if you jumped on the train before it started moving.
Right now, you're more likely to get burned hard, don't let the Fear of Missing out get to you. The market is emotionally cold, and so should you as a trader
Be on the lookout for a break of the overhead resistance (the last fib-level) or a break from the rising support from the channel.
The first one is a long signal, the latter a short signal.
We have made 1500% return on investment in 30 days. See our trading history here
Your one and (hopefully, but don't worry, I don't get jealous) only trading advisor, BitBotly here with an analysis of EOS.
This analysis was made on request from one of our beta testers, Erick Boileau, we're happy to have you in the family bro!
Without further ado, let's get to it!
As we can see prices is in an upward-pointing channel which is usually a bullish sign.
We can also see that prices tend to retrace on the fib levels, and there is only one fib-level left to beat (the top one)
But going long now would be like jumping on a moving train:
It can be good, but you would be placed in a much better position if you jumped on the train before it started moving.
Right now, you're more likely to get burned hard, don't let the Fear of Missing out get to you. The market is emotionally cold, and so should you as a trader
Be on the lookout for a break of the overhead resistance (the last fib-level) or a break from the rising support from the channel.
The first one is a long signal, the latter a short signal.
We have made 1500% return on investment in 30 days. See our trading history here