EOS: Path to $10.40 is in play
EOS is showing signs it may break the $10 barrier very soon. It looks like it's currently on it's 3rd wave. Once this finishes, I expect a small pull back before resuming it's rise above $10. The path may look like this:
For this count to remain valid, we need to see volume increase.
Looking at the RSI, there's a clear resistance line at approximately 68.4. If EOS is going to reach the $10.40 target, this resistance must be broken. It has been tested multiple times and briefly penetrated once.
Bias:
I'm neutral to bullish on EOS in the short term. We may see a slight pull back, but I expect it to resume it's rise as long as volume remains strong. I'm very bullish long term.
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Like your site..just found and like it.
Is it wise to sell my EOS BEFORE June 1 and then rebuy after June 2-3 when they become real.and not bother to registering them before June 1?. I am a little scared about registering them even in my Exodus wallet.
Thanks....
Regarding your EOS tokens...Yes, there should be a major rise prior to June 1st. The typical logic is to buy the rumor and sell the news. That said, EOS is the first of its kind. This is truly uncharted territory.
EOS is doing things so differently, I'd be hesitant to sell at all. You have to remember many airdrops are scheduled before and after the mainnet launch on June 1st. Some of the drops will be worthless while others may prove to be very profitable. With so much going on, trying to time the market is going to be extremely difficult...unless you've got inside information.
I can't tell you what to do, but personally, I'm planning on holding my EOS tokens before and after the mainnet launch. I've been burned to many times trying to time things just right. If you do decide to sell, consider selling only a portion of your coins. Maybe hang onto half and sell half. Just a suggestion. Best of luck!
Thank you...the main point of my question was really that I am scared to get them into a wallet to register.
There's really nothing to be afraid of. Exodus wallet makes it extremely easy to register. That's what I'm using. If you don't get them into a wallet, you're missing out on the airdrops...which may or may not end up being profitable. If you don't care about the airdrops, get an account on Binance and keep them there. Binance has announced they'll make the swap automatically once the mainnet is launched.
I am using Exodus as well, they've got the one-touch registration solution in their latest software, easy and sure. Just be sure to use a long secure password and put Exodus on a secure computer that you don't use in public on public wifi, free of keylogger malware, don't use that computer to surf the internet, never go to porn sites using that computer. My surface laptop has biometric recognition, as a precaution, so no one else can open it.
Thanks. Rule of thumb when you send to a wallet you don’t deal with capital gains +-. When you send out of a wallet to an exchange you do. Hopefully Kraken will deal with the EOS registration. They said they will let customers know later.Problem being, I would have to pay fees and Capitol gains if I then move them back to Kraken! A pain in my A*$.
Excellent prediction ;-)
That didn't take long! Just as you said, the path was a little different but the objective was reached. I saw it breaking out yesterday and woke up today to the result. Great skills and accurate forecasting. I loaded up my family at the 5.80-6.00 range, sold all our Bitcoin into this. Happy w results!