Good morning crypto ladies and gentlemen that love trading and read about cryptocurrencies!
I hope you had an awesome weekend like we had it here. Bitcoin printed a nice monthly candle then retraced a bit.
So thanks to Bitcoin price action we can grab some cheap altcoins.
One of coins i am bullish on is EOS, here is why:
EOSUSD
is a platform that’s designed to allow developers to build decentralized apps (otherwise known as DApps for short.)
The project’s goal is relatively simple: to make it as straightforward as possible for programmers to embrace blockchain technology — and ensure that the network is easier to use than rivals. As a result, tools and a range of educational resources are provided to support developers who want to build functional apps quickly.
Currently it is trading on the major support that held for almost 3 years!
I wouldn't be surprised to have a fakeout below the support level then return back at the support zone. Based on actual price zone we can see nice accumulation scenario.
Because of not very high volume a fakeout is very likely so set your stop-loss accordingly to not get it triggered too soon.
As we all know, Bitcoin is the king of all cryptocurrencies, based on its action we can see alts bleed more or pump like there is not tomorrow!
The best scenario for altcoins is to have Bitcoin consolidate and be stable for a while so profits could move to altcoins market.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Gentlemen, i need your help... if my ideas that you read are interesting and profitable, please hit the LIKE button to support me sharing my setups and ideas with YOU!
P.S. You're awesome. Keep doing it and you will achieve step by step your financial freedom!
Peace out.
I hope you had an awesome weekend like we had it here. Bitcoin printed a nice monthly candle then retraced a bit.
So thanks to Bitcoin price action we can grab some cheap altcoins.
One of coins i am bullish on is EOS, here is why:
EOSUSD
is a platform that’s designed to allow developers to build decentralized apps (otherwise known as DApps for short.) The project’s goal is relatively simple: to make it as straightforward as possible for programmers to embrace blockchain technology — and ensure that the network is easier to use than rivals. As a result, tools and a range of educational resources are provided to support developers who want to build functional apps quickly.
Currently it is trading on the major support that held for almost 3 years!
I wouldn't be surprised to have a fakeout below the support level then return back at the support zone. Based on actual price zone we can see nice accumulation scenario.
Because of not very high volume a fakeout is very likely so set your stop-loss accordingly to not get it triggered too soon.
As we all know, Bitcoin is the king of all cryptocurrencies, based on its action we can see alts bleed more or pump like there is not tomorrow!
The best scenario for altcoins is to have Bitcoin consolidate and be stable for a while so profits could move to altcoins market.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Gentlemen, i need your help... if my ideas that you read are interesting and profitable, please hit the LIKE button to support me sharing my setups and ideas with YOU!
P.S. You're awesome. Keep doing it and you will achieve step by step your financial freedom!
Peace out.
