This is the perfect example of how hype drives the market. EOS has been moving mostly side was ( ups and downs) for about a month now. There is a big announcement coming on EOS in less than 20 hours from now. The past hours, while the market was trying to recover, EOS started its journey and it looks like its half way through. Targets are in the graph. They might seem too much but i believe they are possible to achieve, unless the announcement is something really mediocre.
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Part of my portfolio contains EOS for a long time now, but i dont believe it will go lower from here ( in the short term). Invest after you do your own research! This is not a completly unbiased opinion, because i believe in the token in the long term.
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Sorry for the confusion in the title, i though that "short" was used for the period of time and not for bearish! Woops...
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Alright, so it seems that the announcement was kinda medicore, i got it a little late and missed the beggining. Here is a recap on a reddit comment.
There is no clear indication for its movement yet, but know that its overextended! Since the announcement wasnt something "WOW"- like, dont be surprised if it hovers between $14-15. But i still beleive its a good long term hold! Do you research before taking a decision!
@IanJohnson, I meant short term as in "few days" and mid term for "near future". One world doesnt have only one explanation...
IanJohnson
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@Acel, i understand! but SHORT "red" means shorting... (short term for a few days, still means LONG "GREEN". just to let you know, nothing against your prediction, still wrong but... have a good trade. HODL
Acel
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@IanJohnson, heh thanks, i learned something from your comment so we are cool no worries !
n8mauro
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thanks
RikJames101
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Yeah but when you use the short label on your TA that's specifically meaning that you expect it do go down. It's not meant for short or long term. If you say short term, put that in your description
Acel
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@RikJames101, ohhh i see, point taken! Thanks for letting me know!