Seems like EOS reached a major supply region. The long wicks we see in the last 2 candles indicate that people are taking profit.
Be careful when buying near this zone. There's always a possibility of going up but there's too much risk.
EOS could retrace down to the .618 to .5 levels.
very strong move for EOS here.
busting through moving averages.
a lot of bad news for alts out over the last few days.
moves like this suggest we've found a
bottom in some names.
In my earlier idea on EOS I felt that the smal green in big red wave was going to bounce on the $ 2 support. Now that is has broken trough already, the next approaching double red line AND the current market situation...I feel we will most likely break trough the $ 1. After that there is no support. But On the bride side it could be a traders wet dream bouncing...
After a new currency was added to one of the major exchanges, a "high-flight-bubble" came on short-term.
After that, a phase of relaxation often follows. Here three ideas ...
Let's see what happens. Happy trading. :-)
