EOS broke down and out of a bearish rising wedge and seems to be looking for support. I’m watching the prior order block around the $5.26 support for a possible bounce/reversal. 

Zooming out on the daily chart, we can see EOS continues to trade within a tighter and tighter range.

Price was rejected at the 21 day EMA on the daily, and just dropped below the 8 day EMA.

In today’s video analysis I discuss, where price may go from here, how I’m trading EOS, market psychology and so much more. I hope you find it helpful.

Video Analysis:

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

Disclaimer: I am NOT a financial advisor and this is NOT financial advice. Please always do your own research before investing. 

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Responses

    1. Workin2005 Post author

      I agree….at least for now. I think we may see real separation by the end of 2019…and not just EOS. I feel many prominent altcoins will start to rise and fall on their own merit over the next year. Still, Bitcoin (like the Dow) will likely remain a good indicator of the overall market IMHO.
      Thanks for commenting @conceptskip

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