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
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 to me. But the scenario isn't simple.
Why? Well. The signs are , the 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 we have done 4x in a very short term. The 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
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- Love Shadow