EOS pulled back harder that other major coins today.
It is now at an improtant but not "do-or-die" Fib ... yet....
Bulls need a little bounce from Band 5, and then hold Band 4.
The 5.236 fib bounced it previously, but will not be as strong this time.
The 4.618 fib would be the ideal point to mount a serious Bull Offensive.
The 4.236 fib could be the "Do-or-Die"...
**********A much larger move was expected in unison with BTC break, signal look positive for a positive break despite the middle BB holding down the price. A Break above $6 would be very positive with much reduced volume pressure above. ALERTS ARE SET READY FOR A MOVE EITHER WAY, BUT WE HAVE A BIAS WITH THE BULLS.
I currently have no trades and this is not financial advice. This is for educational purposes.
As a price action student, one must be practicing constantly to be able to see and build the confidence of your trades.
The falling of 2018 pushed me to think about cleaning my crypto watch list. There are thousands of coins, and of course, probably 99% of them are useless for trading or investing. It's time to clean the list from such markets!
This time, let's talk about EOS. The market looked very interesting in 2017 and had great potential. What we have now?
If we use swing...
EOS Bullish View, But don't chase high.
The recent rally may enocurage a lot of new investors to
"Choing" -- rush into this market.
However, 5.5-6.00 is strong supply zone and a lot of previous buyers were trapped there, a pull back may happen
Good Strategy is to buy the low,
4.5 is a good area to buy EOS.
I have mentioned earlier when BTC hit 3600, and...
Still in a triangle, boring i know. However, we do observing massive spikes and rallies in the ALT coin community.
So it is obvious to a lot of traders that a bottom is forming and accumulation by smart investors have occurred.
However, the big question is, Can this ascending triangle is just 1-2 wave into 3-4 bear wave?
Stay strong, HOLD the line. Patience...