A funny weekend for Cryptos. Profit taking across most major coins which is only natural after such an impressive advance. BTCUSD
spiked to above 9,000, just shy of the 9,200 pivot
. EOS has been reacting to the increased purchases of LiquidX. Price settling back towards the highs here and a healthy target at $4.50 seems appropriate to me, especially given how we are already +72% in the previous units.
The market will start to get worried about becoming overstretched, soft hands are closing as we head into February, but there is a window for a major breakup here with many underestimating the Crypto inflows over the next couple of weeks I think.
I recommend to stay long EOS. GL all those trading today.