Hi guys
For anyone who still got some fiat around and wants to invest... EOS is on it's way to retest the lower support area. Since EOS holds hands with BTC its pretty obvious we can expect a further dip. If we take a good look at the chart we notice a wedge forming between the support and the downtrend line. So this means its nearly decision time for EOS.
I think we we'll retest the 5.8-6ish or above support line and break out upwards towards the downtrend line (purple). Same with BTC. It will retest the 6k (wave 5) and then an upward reversal.
It is perfectly possible for EOS to dip below the 5.8USD LATER ON but not without some action. It will probably retest the downtrend line first above at 7-7.5usd before going under the 5.8USD. So this might be an excellent short trade we should keep an eye out. If this unfolds I'm buying again lower so I can accumulate.
For anyone interested in a LONG position in EOS. Anything under 7.5USD is a win in my opinion. I would start buying in 20cent increments starting from 7.5usd downwards.
Good luck
TA über alles.
For anyone who still got some fiat around and wants to invest... EOS is on it's way to retest the lower support area. Since EOS holds hands with BTC its pretty obvious we can expect a further dip. If we take a good look at the chart we notice a wedge forming between the support and the downtrend line. So this means its nearly decision time for EOS.
I think we we'll retest the 5.8-6ish or above support line and break out upwards towards the downtrend line (purple). Same with BTC. It will retest the 6k (wave 5) and then an upward reversal.
It is perfectly possible for EOS to dip below the 5.8USD LATER ON but not without some action. It will probably retest the downtrend line first above at 7-7.5usd before going under the 5.8USD. So this might be an excellent short trade we should keep an eye out. If this unfolds I'm buying again lower so I can accumulate.
For anyone interested in a LONG position in EOS. Anything under 7.5USD is a win in my opinion. I would start buying in 20cent increments starting from 7.5usd downwards.
Good luck
TA über alles.