EOS getting ready for a CORRECTION
After a good few days of uptrend, now is time to get some bulls rekt.
This was what i posted last week:
https://steemit.com/beyondbitcoin/@luiggih/technical-analysis-eos-headed-to-13-usd
AND THIS IS WHAT HAS HAPPENED
We've fall very short off the target proposed which I consider is quite a succesfull forecast
On purple, you can see an ending diagonal triangle which usually leads to a correction consuming price and time.
This correction will determine if we're really on a major bull trend or if this spike up has just been a correction within a downtrend.
Trade safe.
Welcome back. I've been missing your articles since you left for holidays. I had an EOS position but it went missing from the exchange I used and had to buy a new position. This is definitely one that should be owned. Thank you for the short term view on EOS.
On May 14th there is a very large conference where the institutional investors will finally position themselves for being invested. I expect a strong market this year as at least 1 ETF is approved and regular investors are easily able to buy in.
May is gonna be a very important month for crypto for sure. Hopefully will be the starting of the alt season. ETF's approval is gonna be a major thing for crypto.
Many technical facts points may to be bullish and also many fundamental facts will be occurring at May.
Let's see how everything evolves and hope for the best.
Thanks for your support!
People seem to often forget that these cryptos are actually small businesses. They take time to develop and build and ultimately get use of their blockchain such that they scale. It's actually been healthy the major correction we went through, since it provides some time for these blockchains to make progress. I have an awesome newsletter that I subscribe to focussed on asymmetric speculations that include cryptocurrencies. The April issue gave a progress report on the more than 40 positions. All of them are making incredible progress...
Great analysis, at what price will it correct...I thinking at $14.00?
I think i've been super accurate this time: price targets and timming. Today's correction day. Hope you can grab some cheap coins!
Fully agree, same happening with BTC.
https://steemit.com/bitcoin/@toofasteddie/bitcoin-high-likelihood-of-a-small-correction-before-reaching-10000-usd-again
Thanks, good analysis. Today we've facing coints at discount. Enjoy and grab your favourite one!
EOS for sure
Release the Kraken! You got a 2.08% upvote from @seakraken courtesy of @luiggih!
You got a 3.89% upvote from @oceanwhale With 35+ Bonus Upvotes courtesy of @luiggih! Delegate us Steem Power & get 100%daily rewards Payout! 20 SP, 50, 75, 100, 150, 200, 300, 500,1000 or Fill in any amount of SP Earn 1 SBD Per 1000 SP | Discord server
You got a 3.23% upvote from @dailyupvotes courtesy of @luiggih!
Please upvote this comment to support the service.
This post has received a 7.69% upvote from @lovejuice thanks to @luiggih. They love you, so does Aggroed. Please be sure to vote for Witnesses at https://steemit.com/~witnesses.
You got a 9.22% upvote from @redlambo courtesy of @luiggih! Make sure to use tag #redlambo to be considered for the curation post!
This post has received a 3.31% upvote from @aksdwi thanks to: @luiggih.