You Cannot Ignore the Relative Strength of EOS
Trading Tip: Learn Relative Strength
- When Everything Goes Down, WHAT is going down the least
Take a look at the CARNAGE of crypto in the table below...
Notice Anything?
EOS has gone down...6% this year?
Compared to the others, that my friends is called relative strength. Now look at the chart. EOS has held the prior lows, and if bitcoin bottoms here and bounces big (50+%, you know a true bounce) I am expecting a MONSTER RIP from EOS.
Use a stop of 4.60 (risking 13%) and buy as much as you want honestly looking for a monster 100+% move.
Published on
by heyimsnuffles
I see alot of bag holders, too many bought in at the hype around $10+ and want to recoup losses so not panic selling like all other crypto hodlers have accept Bitcoin also has held strong in this market compared to the alts. I still don't like EOS and see potential in 2 or 3 years but not for a while.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks, man. This is something I look at but didn't know it had a name. Looking forward to that bounce though!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great work man, data doesn't lie.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I don't feel so bad about my beloved NEO when I look at some of those others!
I hear your point, but I offer a word of caution: I think EOS is enjoying it's time in the sun: same as NEO has done before, same as Cardano has done, same as Tron, WAVES, even Metaverse ETP. This MAY be an indication that it is very strong, but I consider it more likely that it is showing that EOS is currently at the top of it's game i.e. - a large drop (vs BTC and the other altcoins) is very likely on the cards. I like EOS and I think it is very good, but I can't see any reason for it to outperform something like NEO (yeah I'm biased, but my point stands) which I would really consider to be an even better designed coin. Because of that I suspect that the "overvalued" scenario is more likely and have not invested in EOS myself.
I make many mistakes, so I obviously don't have the answer to this, but please just keep that in the back of your mind.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit