EOS FAILING AT 55M SUPPLY AFTER TESTING WEEKLY SUPPLY MID FEB.
EOS/USD IS FAILING FROM 55M SUPPLY @4.35-4.50$ THAT FORMED FEB 21ST ~20:30 PST COMING INTO THE NEW WEEK. THIS IS AFTER EOS TESTED WEEKLY SUPPLY WEEK ENDING FEB. 15. SO HERE'S WHERE PATIENCE COMES INTO PLAY! IF YOU DIDN'T SELL AT WEEKLY SUPPLY (5.56-6.17$) THEN YOU MUST WAIT FOR NEW SUPPLY TO FORM ON LOWER TIMEFRAMES. THEN WAIT FOR PRICE TO TEST THAT NEW SUPPLY, AND IN THIS CASE ABOUT A MONTH IN TOTAL OF SITTING ON HANDS. BUT PATIENCE PAYS! RISKING .15 VERSUS .60 WILL KEEP YOU SANE AND SOLVENT HAHA.
IN REGARDS TO TARGETS: TAKE OFF 1/3 OF POSITION DEPENDING ON STRAT STYLE @ OPPOSING DEMAND (AROUND 3.85$) WHICH PRICE TRADED SMARTLY THERE AROUNF ASIA OPEN. THE REMAINING TARGET(S) IS(ARE) PREVIOUS PIVOT LOW AROUND 3.25$ (COVER @3.35 FOR 6.67R!); COVER REMAINING 1/3 POSITION AT WEEKLY PIVOT LOW BELOW 2$! SO TO SUMMARIZE: T1 @ OPPOSING TIMEFRAME DEMAND (I.E 55M); T2 @ DAILY; T3 @ WEEKLY.
LAST WORDS: IF PRICE CONTINUES TO RESPECT THE WEEKLY SUPPLY AND WE TRUST THE DYNAMICS OF SUPPLY AND DEMAND THEN PRICE OF EOSUSD COULD POSSIBLY TRADE BACK DOWN TO 1$ BOB! AT THE LEAST, IF THE BEARISH FLAG FORMING ON DAILY COMES TO FRUITION AND WE PLACE A MEASURED MOVE OF THAT PATTERN PLAYING OUT, THEN WE CAN SEE 2$.
P.P.S: I DON'T UNDERSTAND AND PROBABLY NEVER WILL UNDERSTAND THE FUNDAMENTALS OF CRYPTO "CURRENCIES". THIS ANALYSIS IS PURELY TECHNICAL USING THE ELEMENTS AND FORCES OF SUPPLY AND DEMAND.
HAPPY TRADING,
TRANQUILTIMETRADER
IN REGARDS TO TARGETS: TAKE OFF 1/3 OF POSITION DEPENDING ON STRAT STYLE @ OPPOSING DEMAND (AROUND 3.85$) WHICH PRICE TRADED SMARTLY THERE AROUNF ASIA OPEN. THE REMAINING TARGET(S) IS(ARE) PREVIOUS PIVOT LOW AROUND 3.25$ (COVER @3.35 FOR 6.67R!); COVER REMAINING 1/3 POSITION AT WEEKLY PIVOT LOW BELOW 2$! SO TO SUMMARIZE: T1 @ OPPOSING TIMEFRAME DEMAND (I.E 55M); T2 @ DAILY; T3 @ WEEKLY.
LAST WORDS: IF PRICE CONTINUES TO RESPECT THE WEEKLY SUPPLY AND WE TRUST THE DYNAMICS OF SUPPLY AND DEMAND THEN PRICE OF EOSUSD COULD POSSIBLY TRADE BACK DOWN TO 1$ BOB! AT THE LEAST, IF THE BEARISH FLAG FORMING ON DAILY COMES TO FRUITION AND WE PLACE A MEASURED MOVE OF THAT PATTERN PLAYING OUT, THEN WE CAN SEE 2$.
P.P.S: I DON'T UNDERSTAND AND PROBABLY NEVER WILL UNDERSTAND THE FUNDAMENTALS OF CRYPTO "CURRENCIES". THIS ANALYSIS IS PURELY TECHNICAL USING THE ELEMENTS AND FORCES OF SUPPLY AND DEMAND.
HAPPY TRADING,
TRANQUILTIMETRADER
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