EOS coiling up for a surge higher?
EOSUSD appears to be coiling up for a surge higher, with bears thus far failing to act on a potential Head and Shoulders topping pattern that's been brewing over the past few days:
Pair was looking a little heavy earlier in the session, however bulls managed a nice little surge out of $10.20, driving the pair as high as $10.95 before pausing for a breather.
Initial resistance is the 11 dollar handle, followed by yesterday's high of $11.70.
A break above yesterday's high would target the record high of $12.50, followed by the ascending channel top at $12.80 and counting.
A break below the ascending neckline around $10 would shift focus to channel floor and former resistance confluence in the $8.8 to $9.30 zone. Only a clear break below the lower bound would invalidate my immediate bullish bias.
I'm long 3:1 from an average of $8.60 with a break even stop protecting my balance in case of reversal.
To the moon baby!
Team Aus footer by the amazing @bearone
@bulleth I have a little EOS and I like it. I really like the price of STEEM too...............
Good call, I was looking at a similar triangle breakout...right on queue
Hahaha I am used to trading and charting on twitter - I try to not say anything til it is about to happen ;)
wow awesome
Ohhh that's the great news
Yeah baby!
informative post
Rip EOS RIP! It's been playful with us over the last days but it looks like her hand will be revealed shortly.
Aye thanks for the heads up! Definitely waiting for a big surge after profits are taken from Bitcoin cash!
I think EOS will start falling in price a bit. The lack of any releasable software is definitely leading to calls of vaporware. Ofc on the first release of anything substantial it’ll probably double in price.
Not vaporware. They just released the EOS testnet a couple weeks ago Dawn 2.0. Dawn 3.0 will be released by end of January
I have DOGE should I convert it into EOS?
I would say yes. But I don't see doge as a very useful coin compared to other alt coins. EOS is my favourite long term coin at the moment.
^ what he said :D