EOS/USD: Weak! Like The Other Alts.
Have a look what happened since the last analysis, before I take the drawings away:
=> We saw a breakout out of the Descending Triangle, but no follow-through whatsoever. The reason is because grandpa BTC lead that breakout, and all the attention is on him, in the direct correlation EOS/BTC we're getting completely smashed:
Right now we're barely holding the bottom support:
Conclusion: I will either play LTC or EOS once BTC corrects. EOS has clearer levels, but it's primed for getting smashed down.
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
=> We saw a breakout out of the Descending Triangle, but no follow-through whatsoever. The reason is because grandpa BTC lead that breakout, and all the attention is on him, in the direct correlation EOS/BTC we're getting completely smashed:
Right now we're barely holding the bottom support:
Conclusion: I will either play LTC or EOS once BTC corrects. EOS has clearer levels, but it's primed for getting smashed down.
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
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