IdeasTrading1

EOS - What Am I Doing With EOS?

BINANCE:EOSBTC   EOS / Bitcoin
Hey Folks. What's up.

Hope you are all well today and you are eating your brocolli. If it gives you indigestion, avacado's are usually a better shout.

Personally, I find they make me happy to eat and make my trading better.

Before we get onto the meat (I am a vegeterian so it might be a little awkward) all I ask you is to follow me on twitter & telegram to appease my delicate ego

T.Me/CryptoShadowAnnouncements
https://twitter.com/CryptoShadowOfficial...

So wtf is up with EOS?

So - the EOS mainnet is roughly 23-24 days away from now. This makes EOS a good play for this month, Furthermore, there is an airdrop in 2 days.

From looking at the chart EOS is actually looking very bullish to me. But the scenario isn't simple.

Why? Well. The signs are bullish , the volume is great, we are testiing the ichi cloud on the 3hr & have broken the 1hr one.

But it is very likely that we get close to ATH and pullback into a further correction.

If you look at the daily chart we have done 4x in a very short term. The daily chart doesn't look too good.

But heck, when does EOS care about T.A?!?

I feel the correction may be complete - but it is risky when looking at a higher time frame.

For example, people dumping after the airdrop in 2 days and extending the correction could be plausible.

If you are holding EOS, here is a strategy for you.

Take profit off the table at 23 (if EOS get's there). Then rebuy on a break of ATH if it cracks it with more than a candle.

This is the safest option for EOS traders right now. Be prepared for all scenarios as always,

Points of consideration:

Support @ 184-172
Resistance @ 20000,215000,23000

If you find me T.A helpful, gimme a like. Comment and i will reply. Join my V.I.P to get more premium first hand content.

Peace

- Love Shadow

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