Hello all, so who here wishes they got into EOS when it was $6. I was in at that level.
I then waited for the fork and sold off at the top. I waited for that pullback after the fork, but
I was almost convinced BTC would drop at the same time and tank EOS to like $6 .... what a nice suprise
it held up much better, only to rebound to over $20!!
Well here we are now at $12 ... and the question is, is the honeymoon over? Is this just profit taking, or is there
any more juice left in this coin.
Please have a look at this chart. What I see is the completion of an impulse wave down. I also see a bullish wedge.
That support at 12 is GREAT!
Now I'm not saying BTC can't crack this coin, and I'm certain we'd break that support if BTC went to 7k all of a sudden,
but i do see BTC on a wave B recovery ... before another drop ... do we have enough time to break out of that wedge
and have a nice rally up?? We only need a few days.
And remember, main net launch is just around the corner in early June. There should be some excitement as that day approaches.
Bought this coin low, and will hold for a rally, with stop just below that wedge ... worth taking a chance, profit/loss ratio is HUGE!
Remember, only a fool relies on one potential outcome.
Do not make investment decisions based on this information. For educational purposes only.
I then waited for the fork and sold off at the top. I waited for that pullback after the fork, but
I was almost convinced BTC would drop at the same time and tank EOS to like $6 .... what a nice suprise
it held up much better, only to rebound to over $20!!
Well here we are now at $12 ... and the question is, is the honeymoon over? Is this just profit taking, or is there
any more juice left in this coin.
Please have a look at this chart. What I see is the completion of an impulse wave down. I also see a bullish wedge.
That support at 12 is GREAT!
Now I'm not saying BTC can't crack this coin, and I'm certain we'd break that support if BTC went to 7k all of a sudden,
but i do see BTC on a wave B recovery ... before another drop ... do we have enough time to break out of that wedge
and have a nice rally up?? We only need a few days.
And remember, main net launch is just around the corner in early June. There should be some excitement as that day approaches.
Bought this coin low, and will hold for a rally, with stop just below that wedge ... worth taking a chance, profit/loss ratio is HUGE!
Remember, only a fool relies on one potential outcome.
Do not make investment decisions based on this information. For educational purposes only.