EOS is a coin i used to be hot on but i hardly touch it now. Someone messaged me and asked me my thoughts on EOS from a trading perspective. From a fundamental perspective i have no comment.
Currently following its upward trend but in a heavy resistance area. For EOS to continue to $3 and beyond it has 3 factors to break.. The current triangle, the EMA and the last accumulation price point.
HOW TO PLAY EOS NOW
If your in look for a sell if you get more rejection in this area... Or wait until the red trend.. if it falls through you can sell and look for the double bottom retest. If it pushes through increase position through to $3 but keep in mind the rejection points i mentioned.
Happy trading
THIS IS ONLY MY OPINION AND IS NOT INTENDED AS INVESTMENT ADVICE
Currently following its upward trend but in a heavy resistance area. For EOS to continue to $3 and beyond it has 3 factors to break.. The current triangle, the EMA and the last accumulation price point.
HOW TO PLAY EOS NOW
If your in look for a sell if you get more rejection in this area... Or wait until the red trend.. if it falls through you can sell and look for the double bottom retest. If it pushes through increase position through to $3 but keep in mind the rejection points i mentioned.
Happy trading
THIS IS ONLY MY OPINION AND IS NOT INTENDED AS INVESTMENT ADVICE