I have been finding that the 40 moving average on many of these cryptos is more promising than the typical 50dma in stock land. On the hourly, 4hr, daily, etc many of these coins use the 40ma as support. What we are looking at here is the eos/btc hourly and how the breakout occurred a couple days ago by bouncing off the 40hr moving average and now has found it as support.
She is also keeping higher lows very nicely on both the btc and usd charts. I remain long. I took some off the table a early yesterday but bought those coins back a little lower.
Remember this is the "ethereum" killer....And ETH has been an absolute beast. As has the other "eth killer" Neo. Long all of them.BITFINEX:EOSUSD
She is also keeping higher lows very nicely on both the btc and usd charts. I remain long. I took some off the table a early yesterday but bought those coins back a little lower.
Remember this is the "ethereum" killer....And ETH has been an absolute beast. As has the other "eth killer" Neo. Long all of them.BITFINEX:EOSUSD
Please check out post from a few days ago for the setup the trade had. I am not a fan of very busy charts and do not want to show all of those metrics as well. We were around $10 then.