imfamousrajat

EOS (EOSUSD) - POSSIBLE BULLISH SCENARIO.!

Long
BITFINEX:EOSUSD   EOS / Dollar
Welcome everyone, hope you all are doing well. I know last few days have been brutal. Like i said in my last post that the could happen either way - upward or downward, we witnessed that EOS fell down a bit too hard. It has fallen roughly 48% from ATH of $23, which it created 2 weeks ago. It fell in between 0.5 and 0.382 Fibonacci level where it got support at $12. 05 and had a good rebound.
Now it isn't moving too much and we are witnessing more of a sideways movement.

On the hourly chart, i see formation of a ascending triangle . This suggests a bullish movement. But it can only be confirmed after the breakout from the triangle. A safer way to enter any long position is to wait for a confirmation or retest and then buying in. We need to wait for some more time before claiming any further trend.

The main net launch of EOS is one of the most hyped event of 2018 till now. So, personally, i am extremely BULLISH on EOS and i have been loading up at every dip and i won't be unloading my bags till it reaches $40 or so.

4-Hour chart:

P.S: This is not an investment advice, and i am just learning. This is for my learning purpose only. Invest your capital at your own risk.

Those who wish to achieve greatness,
never seek for permissions.
They follow what their heart says,
and do what their mind states!

Good luck trading.!
Peace.
Comment: BTC TANKING AGAIN.

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