Since I'm currently working on my TA-course for beginners, I completely missed out on the break of EOS.
But still, in this post I wanna show you, how important the break of technical & psychological levels is, and how clueless it leaves online news media -especially in Crypto-space. Just to give an example, News-BTC author Martin Young asks immediately: "What...
BITFINEX:EOSUSD forming a nice wedge on the H3 which might also fly as a bullish pennant. I'm not convinced its bullish but its nicely defined 3 RRR in both sides, so kinda to good to ignore.
Within the overall market situation, where everything is forming triangles, we might see some big moves again...
As anyone who watches crypto on a regular bases knows, is that they all basically trade together and are highly correlated. Therefore, when we see an impressive move in one crypto it is often helpful to see which crypto was is the leader and which is the laggard. In the latest bullish moves in crypto ETH is the clear leader starting its bull run...
EOS price surged 20+% and broke significant resistance area against the US Dollar. It seems that buyers/bulls are in control, suggesting more upsides potential.
EOS price gained significant buying interest, resulting in upsides of more than 50% from $2.2 price level.It will now act as potental support price level in the coming days/weeks.
Overall the last 60 days (from the 15th of December to the 15th of February) were neutral to bullish and I am bullish for the next 7 days. It is worth noting, that the market sentiment has driven the bullish price action in the last 7 days, rather than specific price action worthy news from the security itself.
EOS has hit my targets already however I am super greedy. I did not play the trade because I still cannot control myself. I got liquidated 3 months ago due to not using any stop loss.
After that I never entered a trade without a stop loss. However that liquidation made me really upset so I am still really scared to enter trades (even though I use stop loss...
EOS has broken from an ascending triangle formation with a classical target coinciding with the next likely level of resistance: $4.18.
The undefined levels of resistance in this channel may allow EOS to move more broadly than some of the other names that have already made it to the other side (BTC, ETH).
EOS is trying break above 100 Day MA & Horizontal Resistance around 3.02
A cleat break will take us to 200 Day MA which translates into 45% Gains from current level. Getting on board this one very soon after confirmation of the break
Fractals where on point in January, which is nice, but February is fast approaching and looks like we got weekly events.
I know, that everyone is sad that BTC is below 3.5k - You can thank the Asians for that.
However, what most of you already realize - actually most of alts already have bottomed out and beginning to really spike the hell up.
COINS such as,...