Hey guys...I'm with family this weekend, but wanted to quickly share with you the 2 possible paths I believe EOS could take. As I said, this will be very quick....
Bullish Pennant spotted. This could indicate a rise may be coming.
There is support at $10.50. A bullish count may look like this:
Should that support break, we may be in the following bearish scenario:
I apologize for cutting this short. Will try to give you another update tomorrow. Have a great weekend!
BIAS:
Short Term: Neutral
Longterm: Bullish
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Thanks for stopping by.
If you found this post informative, please:
Disclaimer: I am NOT a financial advisor and this is NOT financial advice. Please always do your own research and invest responsibly. Technical analysis is simply a guide. It doesn’t predict the future. Anyone that claims they know exactly what’s going to happen is foolish, lying or both. Technical Analysis should only be used as a tool to help make better decisions. If you enter a trade, I recommend having a stop loss and sticking to it. You will loose at times. The key is to have more wins than losses. With that in mind, I wish you great success.
If you don’t have an account on Binance, I STRONGLY recommend getting one. They’re usually the first to get reputable coins, have excellent security and second to none customer service. You can sign up here free of charge: https://www.binance.com/?ref=16878853
Mainnet is so close! Been a long time coming.
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EOS Is so good of a project glad i got into it early on. good article anyways i am going to follow you now, look to see more articles
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EOS Is so good of a project glad i got into it early on. good article anyways i am going to follow you now, look to see more articles
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Both of your last charts (bearish scenario) are duplicates...where is the bullish chart? Your bullish scenario is floating in the cloud. Oh well, maybe it is me!
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I was in a rush...sorry. I corrected the mistake and posted the bullish chart.
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You are great because you’re consistent and caring AND THOROUGH..
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Thanks for the kind words @rjh. I'm taking this weekend off to be with family, but will be posting again on Monday...maybe a quick one tomorrow if I can.
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Glad you are with family, that's now, this will play out in time. With everyone expecting some kind of a breakout around the launch, makes me think the market is going to disappoint, especially with Bitcoin looking like it's going to bring us a Memorial Day disappointment. OK, both will recover if so, and rise when the shorts release their grip and longs bring some volume buying to the table. Until then, we wait.
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