JUST A HEALTHY PULLBACK IN A BULLISH MARKET - IOTA and EOS EXAMPLES

Coin Telegraph

GOOD EVENING STEEMIT!

So yep. That happened. Again.

I hope none of your weak minds tricked you into panic selling and we all still have our shirts. Here are some points that we all deep down know, but maybe need to keep drilling into ourselves when we get complacent as price goes vertical:

We’ve seen this before and knew this pullback was coming.

We know that price respects obvious, daily technical levels.

We know that these ridiculously parabolic bullish moves NEED a pullback.

Two of my favourite coins that I talk a lot about both here and on Twitter, are IOTA and EOS. Now keeping the above points in mind, take a look at their daily charts below:

IOTA/USD Daily

EOS/USD Daily

Look at those pullbacks! Farrrkkkk. Especially that IOTA chart back under $1.00.

But also look at what that $1.00 level lines up with. Yep, that’s just a clean retest of previous resistance turned support.

These moves were clean and HAD TO HAPPEN for us to make a new high. It’s a healthy pullback in a market that is still bullish as fuck.

Relax, enjoy your weekend and BTMFD!

Peace.

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