EOS [EOS] Potential Breakout
I've decided to go for more long-term, swing-trade moves and this is my first choice. Had pretty bad timing with my 
TRX trade when I bought around the time 
BTC poured like blood into the streets. Still, can't just blame BTC going down on my poor trade management.
Anyways, as far as EOS goes besides the obvious triangle forming, I've seen the cross above the bollinger mid-line with above average volume behind it. In the current 4-hour period, the move didn't show much promise so I'm not going long just yet. If the candle manages to continue to close above, I'll certainly consider it.
Historically, a move like this after a drop like we saw in
EOS typically starts an uptrend, but EOS is a little slow to go up so I'm uncertain (the recent traders of EOS seem a little uncertain as well, probably leading to this squeeze).
Will update on my position although I doubt anyone really reads these.
Novice trader, publishing for my records only. Open to critiques by professional traders.
TRX trade when I bought around the time BTC poured like blood into the streets. Still, can't just blame BTC going down on my poor trade management. Anyways, as far as EOS goes besides the obvious triangle forming, I've seen the cross above the bollinger mid-line with above average volume behind it. In the current 4-hour period, the move didn't show much promise so I'm not going long just yet. If the candle manages to continue to close above, I'll certainly consider it.
Historically, a move like this after a drop like we saw in
EOS typically starts an uptrend, but EOS is a little slow to go up so I'm uncertain (the recent traders of EOS seem a little uncertain as well, probably leading to this squeeze). Will update on my position although I doubt anyone really reads these.
Novice trader, publishing for my records only. Open to critiques by professional traders.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.