Haven't been trading lately, just holding bitcoin. EOS looks like its forming a cup and handle. Long with .00028 as first target. Trade at your own risk.
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EOS could be building a flag here which could complete the handle. I'd wait to enter after handle completes and we see confirmation. It could go lower, as most alts have been falling today with bitcoin.
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Moving up again. Friends pointed out the inverse head and shoulders formation. Lookging for .00018 to complete the patterns.
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.00019*
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The handle has formed and now its flagging.
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We are in the cloud with some good support, just need to break this resistance which should send us to .00019. Break that and its go time.
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We have broken up out of the handle. First test point is .00028ish. :D
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EOS is looking great! Seems like something like this might be in play..
I took some profit near .000247 and setting some buys near .000225.
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Rebought a little higher. We broke out.
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Bad trade off a false breakout last night. Got stopped out. If we break this support, which it looks like might happen (possible bear flag on lower tfs), then price may be going to retest the C&H breakout around .00019ish. Looking to rebuy there hopefully.
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Since last update I have switched to USD pair. EOS lookin great. Hoping to see a consolidation period leading up to Dec. 4th testnet launch, then a rocket. That would be a wet dream.
I have to say, your analyses were just wow, amazing my friend
Lassinet
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Hi targets ?
jwlondon98
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@Lassinet, thanks man! $2 in usd seems to be a popular first target, I have .00028 as my first but I think it will go a lot higher. Long term this is a big potential player going into next year.
I took some profit near .000247 and setting some buys near .000225.