EOS Technical Analysis 06 July 2018 - A Great Opportunity to Buy
Even though EOS is facing a bad period (from $23 to $7 in 2 months), the long term trend seems to be still up.
There is an up-channel that represents at the best the price movements from November 2017.
The price is now at the bottom of the channel and buyers already started to step in.
A closer look at the chart shows that buyers immediately reacted as the price hit the bottom of the channel, but now there is a bearish pullback that may give buyers another opportunity to buy EOS at $8.
Technical indicators show a bearish market, but looking at the risk to reward ratio that you may have buying EOS at $8, I would say that it is a very interesting opportunity.
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From a macro standpoint I think that the cryptocurrency segment looks better. I think the market is going to lift in the near future
It's about time!
There have been positive signals lately, let's see what happens in July.
Upvoted your post about Ethereum, good job!
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