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RE: EOS Long Trade Setup. Market Gives us a Short Term Pullback to Enter
The problem with EOS is they are making more of it so it will continue to fall in price due to inflation. any sort of investment is based on supply and demand. The supply will out do the demand right now due to the fact the ico is running for a year. ICO starts on 26th of June 2017, ends on 1th of June 2018, almost 1 year. I think thats a good entry point around may or june. But the price is cheap enough I wouldn't say its a terrible time to invest into it. Its definitely a long term hold type crypto your not gonna see a big boost in it right away. Also the chinese are not allowed to invest into it and thats like 90% of the crypto market. It a big blow any time chinese can't invest in a crypto.
Thanks for you comment mate. What you say about their ICO strategy is true and keeps me wary. But it is at a strong support level which is looking like holding for now so I'm happy to take a small position here with the idea of eventually building up a bigger holding for the long term.
I'm a big fan of Dan and if this is his baby, then I want to be on board with him.