EOS Best place for a long

11 พ.ค. 2020

Alts have taken a beating into the lead up to the halving and BTC's recent run.

I've been hesitant to place longs as Demand zones have just been getting smashed out, however with the halving out of the way, and BTC's recent dump, I think Alts time might be coming.

This demand zone and EQ level on EOS comes from Binance, and extends back to 2017.

EOS has been trending down in a channel, and posting Bullish Divergence the whole way. The daily's also display Bullish Divergence on the CCI.

If we get down to my entry it will mean EOS has tanked 30%. At this time a lot of shorts will be looking to take profit, and a lot of buyers will be wanting to get it while it's on sale.

If it's gonna bounce anytime soon, I think it's here, we may bounce off the Daily Demand outlined in yellow, but I'm not interested in that as it drags my entry up to much. If I miss this trade I miss this trade. I've got orders set at the prices I'm happy to buy at.