EOSUSD appears to be coiling up for a surge higher, with bears thus far failing to act on a potential Head and Shoulders topping pattern that's been brewing over the past few days:
Pair was looking a little heavy earlier in the session, however bulls managed a nice little surge out of $10.20, driving the pair as high as $10.95 before pausing for a breather.
Initial resistance is the 11 dollar handle, followed by yesterday's high of $11.70.
A break above yesterday's high would target the record high of $12.50, followed by the ascending channel top at $12.80 and counting.
A break below the ascending neckline around $10 would shift focus to channel floor and former resistance confluence in the $8.8 to $9.30 zone. Only a clear break below the lower bound would invalidate my immediate bullish bias.
I'm long 3:1 from an average of $8.60 with a break even stop protecting my balance in case of reversal.
To the moon baby!
Team Aus footer by the amazing @bearone
@bulleth I have a little EOS and I like it. I really like the price of STEEM too...............
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Good call, I was looking at a similar triangle breakout...right on queue
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Hahaha I am used to trading and charting on twitter - I try to not say anything til it is about to happen ;)
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wow awesome
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Ohhh that's the great news
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Yeah baby!
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informative post
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Rip EOS RIP! It's been playful with us over the last days but it looks like her hand will be revealed shortly.
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Aye thanks for the heads up! Definitely waiting for a big surge after profits are taken from Bitcoin cash!
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I think EOS will start falling in price a bit. The lack of any releasable software is definitely leading to calls of vaporware. Ofc on the first release of anything substantial it’ll probably double in price.
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Not vaporware. They just released the EOS testnet a couple weeks ago Dawn 2.0. Dawn 3.0 will be released by end of January
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I have DOGE should I convert it into EOS?
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I would say yes. But I don't see doge as a very useful coin compared to other alt coins. EOS is my favourite long term coin at the moment.
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^ what he said :D
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