Here we can see that EOSUSD broke below its Jan. 2023 low, its Nov. 2022 low and even its June 2022 low.
This is all thanks to the SEC of course but this doesn't change the fact that support is weak on this Altcoin.
We use the bigger Altcoins to trade with leverage because they have less dramatic swings compared to the smaller Altcoins.
If you look at Cardano (ADA) and Solana (SOL) for example, even though they went through the same attack they are still trading within their Jan. 2023 low.
For these two, the Nov. and June 2022 low/support remain intact, which is a strong bullish signal.
We will continue with those but will stop tracking/trading EOS.
Chainlink (LINK) is another one we trade/track publicly and also interesting. The chart moved below its June 2022 low but only barely and we know this project to recover strong and thus this turns into an opportunity.
We love Cryptocurrency. Cryptocurrency is here to stay.
We love and support the Altcoins but we won't know how EOS will react while we know the others are ready to recovery, fight and grow.
The younger generations are the future.
Everybody who is younger than 50/60 years is rooting for Crypto and love their smart phones, computers, social media, memes, technology and all that nonsense, while only the old and outdated people want to stop evolution, growth and innovation.
Life is about growth, adaptation and change. This is true for the political landscape, the financial landscape and everything you can think of.
In the past we used to write letters, in the present we use videophones.
It might be hard to accept but the only constant in this life is change.
Look at your body... It has been changing and it will continue to change.
Now look at your money... It is the same.
In the past we used to use salt, then rocks and Gold. Then we went to paper and digits...
In the present we use code.
Crypto is code.
Cryptocurrencies are a hybrid. Not securities...
Cryptocurrencies behave like securities and stocks. Cryptocurrencies are apps, technology, software. Cryptocurrencies are intellectual property. Cryptocurrencies can also be art, just as it can be a game or simply a joke (meme)...
It is a hybrid. It is a new system. It is a new technology. It is something new... It is not the same old, same old.
Emails to post office
Is like
Crypto to banks
Thanks Alan