EOS: Going back to the ATH?
Updated
EOSUSDT is one of that ol' school coins that survived bear and bull markets alike.
Now with quite some heavy volume (higher than during the previous High), we are about to enter the Ichimoku cloud.
Once a cryptocurrency enters the Ichimoku cloud there is the chance that it will go all the way to the other side of the cloud, meaning quite a PUMP from here.
Not only do we have strong volume, but we also have been consolidating.
First in the range from 3.1 to 4.2, where I believe investors and savvy traders have been accumulating EOSUSDT.
Second in the 4.5 to 5.7 range, where the 180 EMA has been acting as support providing a safe area to fall back.
Right now both ETHUSDT and BTCUSDT are back into more bullish scenarios and EOSBTC as strong and proven crypto could potentially follow them and get close again to the ATH (right now we are
-78.11% from the ATH of 2018).
Based on this and the fact that volume is looking great, I'm buying EOS waiting for a move in the next few days.
I will close my positions if EOS falls back to the first range of 3.1 to 4.2.
Time to wait and see if this old horse has any tricks left.
ALWAYS PRACTICE RISK MANAGEMENT, RISK MANAGEMENT IS KEY TO TRADING.
Now with quite some heavy volume (higher than during the previous High), we are about to enter the Ichimoku cloud.
Once a cryptocurrency enters the Ichimoku cloud there is the chance that it will go all the way to the other side of the cloud, meaning quite a PUMP from here.
Not only do we have strong volume, but we also have been consolidating.
First in the range from 3.1 to 4.2, where I believe investors and savvy traders have been accumulating EOSUSDT.
Second in the 4.5 to 5.7 range, where the 180 EMA has been acting as support providing a safe area to fall back.
Right now both ETHUSDT and BTCUSDT are back into more bullish scenarios and EOSBTC as strong and proven crypto could potentially follow them and get close again to the ATH (right now we are
-78.11% from the ATH of 2018).
Based on this and the fact that volume is looking great, I'm buying EOS waiting for a move in the next few days.
I will close my positions if EOS falls back to the first range of 3.1 to 4.2.
Time to wait and see if this old horse has any tricks left.
ALWAYS PRACTICE RISK MANAGEMENT, RISK MANAGEMENT IS KEY TO TRADING.
Note
In volume i wrote "HIGHER VOLUME THAN THE ATH" The previous High is not the ATH it's high of this bull run, the real ATH was in 2018 at around 18
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