BITFINEX:EOSUSD   EOS / Dollar
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Being a coin that has done rather well in quarter 1 + 2 rising up the market cap considerably is a move to put EOS in the spotlight of new retail investors looking for riches and retirement with the click of a button.

A move from $2 to $8 Wont scare these guys off, who cares if were are buying a big players 4X bag when the next trip is ATH? I hear them cry from the cattle shed of main and the Heavily Biased trading ideas section of this website.

Now with the sentiment of investors Looked at, we can move onto further aggravating factors such as Price action, and resistance.

Price action - Looking at macro time frames its clear the price is being pushed as high as possible and held there for a long while. Followed by a sharp drop and subsequent pump, perfect to catch out early callers of short and trap further longs / fomo moonshot rebuyers who assume they can 'BTFD' and profit all year because bitcoin is clearly heading to $1M USD.

Resistance - Like thors hammer , Similar to the support found at $2 after a brisk walk in the park. Highlighted by grey Rectangles.

RSI - The RSI will look like the titanic loosing her stern in the cold Atlantic sea once retail catch on this inst their trip to financial freedom and B1 have that Gig being built down in Larssen's yard that needs covering.

Target - Sub $1 Welcome to the top of a market

Basil
Comment: Buy zone for bounce on daily: $6.10
Comment: $4.57 next stop, albeit maybe a brief one:

Comment: $4.50 to be kept an eye on - Traders look to be frontrunning the 2018 Run. I.E potential for (B) correction overperformance
Trade active: En route to $4.57
Comment: Bounce me like one of your french girls
Comment: Boom Boom
Comment: Trade going to plan. Bounce of the fibs as expected and slowly making its way down to out $0.94 USD target. Enjoy the ride
Comment:
Comment: Retest of supply zone from red box. Keeping a watchful eye while applying patience.

Comment: Flowing, One last bit of support to shrug off

Great Setup following you now! I have a short Position running on EOS what do you think?
Reply
Basil13 DACapitalTrading
@DACapitalTrading, will probably bounce
Reply
$2 to $3 is bottom zone IMO
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Basil13 lemonsandshade
@lemonsandshade, Bottom is in then, no?
Reply
@Basil13, I think so based on the overall structure of the pattern.
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Basil13 lemonsandshade
@lemonsandshade, Cool thanks
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