I've been keeping a keen eye on EOS. On a fundamental side the blockchain project has raised so much money it is really leading the pack in innovation.
On the technical side, EOS has entered the cloud and it is likely it will exit out the top. Nothing is for sure, and this market has been surprising everyone lately, but I have entered into a position. I set my stop loss for the bottom of the cloud if the pattern fails. We can also see that a wedge has formed which means it is likely that pattern will break to the upside or downside soon, however, with the momentum pushing EOS up and the entering the cloud, I am feeling that it's going up from here.
I am not an expert, please do your own research and trade at your own risk. I am posting my thoughts here so I can learn and you can learn with me.
Trade responsibly and always use a stop loss.
On the technical side, EOS has entered the cloud and it is likely it will exit out the top. Nothing is for sure, and this market has been surprising everyone lately, but I have entered into a position. I set my stop loss for the bottom of the cloud if the pattern fails. We can also see that a wedge has formed which means it is likely that pattern will break to the upside or downside soon, however, with the momentum pushing EOS up and the entering the cloud, I am feeling that it's going up from here.
I am not an expert, please do your own research and trade at your own risk. I am posting my thoughts here so I can learn and you can learn with me.
Trade responsibly and always use a stop loss.