Bitcoin and EOS Technical Analysis: HEALTHY CORRECTION OR ARE BEARS TAKING CONTROL?
Bitcoin has broken below the $6,360 support, which now seems to be acting as resistance.
EOS broke down and out of a bearish, ascending broadening wedge. It looks as though it may drop to at least the $5.26 support.
In today’s video analysis I discuss, where price may be heading next, traps to avoid and so much more. I hope you find it helpful.
Video Analysis:
If you don’t see the above video, navigate to TIMM (https://mentormarket.io/profile/@workin2005) or Steemit in order to watch.
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!
Workin
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Twitter handle is @Workin2005 and Facebook is https://www.facebook.com/Workin2005
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by Workin2005
I'm currently neutral on crypto. On the daily chart it is just moving sideways. Not making any confirmed higher highs or higher lows. Tempted to buy, but practicing my self control.
I agree...Price is still trading within a very tight range with no new trend in sight. Personally, I’ve accumulated with about 25% of my portfolio. The rest I’m waiting to deploy once a clear trend is established.
Smart man! Still good to accumulate as we are down 65% or so. I'm thinking of doing the same, then dedicating a stop limit to a breakout in each direction.
EOS is probably the most hyped ICO ever. And with the obscene amount of money they raised? I don't trust it, not even a little bit.