EOS is one to watch here for sure - in the next week or so, we will get confirmation of either a break-out to upside fib levels (i.e BTC pushing back towards 7k). Alternatively, BTC could fall through the floor, sending EOS through it's $5.00 floor, and likely to test bottom of descending channel near $2.50. Either way there is huge potential in this trade. my gut is LONG - $5.00 entry point is nice, $10 TP for a total of 100% Return. SL and Reverse to short below $4.50 seems logical.
We need to see top alt coins such as eos, xrp, eth, ltc outperforming BTC in order to confirm end of bear market imo, so this is the play.
Best of luck, and hit that thumbs up!
We need to see top alt coins such as eos, xrp, eth, ltc outperforming BTC in order to confirm end of bear market imo, so this is the play.
Best of luck, and hit that thumbs up!
Note
Progressing nicely here, it feels like we are that much closer to a big trend-line break out into that next POC. set your price alerts!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.