EOS Short Term
As we might expect from EOS. We do need a possible retracement and we seem to be getting some slightly.
There seems to be a lot of sideways action over all and we are not retracing as fast as we would have like.
This is because of eosDAC airdrop coming soon real soon.
What I expect is for EOS to retrace to at least retrace to .05 FIB level Before we see another wave going up.
Secondly I just want to point out that this market is currently very artificially pumped up.
As soon as we get the airdrop I think many people will just dump EOS for better opportunities in the market, so keeping that In mind is necessary. We might see a bigger drop in prices if that is true.
All in all EOS has a habit of not retracing too much and it can be seen throughout the history of EOS it's one of the more stable currencies compared to many other like ADA(cardano).
I expect it to be bullish, but this all depends on how bitcoin reacts to the market.
I think bitcoin also needs to retrace properly if we need to see bigger highs in coming days or months.
Lets just have a level headed approach. This is still not too safe to play
Do keep an eye for the airdrop and how it'll effect the EOS.
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by varun paherwar from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.