I've been quiet and watching from afar since February, why? Because emotions destroy your profile and will make you bankrupt in no time. How so, you ask.... Emotional trades are the ones you lose sight of your gains and losses, more times than not you will end up losing money because the rationale was poor. I lost roughly 25% due to emotional trades, lesson learned and thus I had set my buy limits according to trends and what I see Crypto evaluation being at the END OF THE YEAR. Who wouldn't be happy making 100%+ returns, don't let greed get in your face.
Enough blabbering, here's an idea for EOSUSD. We've formed a solid cup and handle, which in the bigger picture looks like an upside down H&S formation - this is dependant on the volume of how crucial it is.
My graph isn't exactly complex, it's based on 3 trends analyzed. Fib circles, fib lines and a pitchfork projection. Why? It gives you an idea to focus on the long run but still have an idea what to expect for turbulence.
I'm expecting a correction (wave 4) back to roughly $14-15 per coin, your risk of appetite and goals of the trade will determine where YOU want to get in during the cycle. so if you're buying short term, be a little patient; if you want to go long term, this is a good buy in my opinion.
Please make your own decisions, I'm simply playing the $1 psychic.
I can't disagree we need to focus long term, it's why I've never sold an EOS token yet, and won't this year. I have amassed a truckload of EOS and plan on holding it well into 2019 or beyond. Delayed gratification, I don't know of a better place to park my investment capital so I can retire comfortably. I do think people can miss buying into this dip as I don't think it will get as low as $14-15. We may have seen the lows already, a day ago we saw 16.22 and that was before they launched Dawn 4.0. I don't see lower prices going forward, so better get invested now or miss out is what I think.
Alqasim
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@Jrdelane, love your long-term outlook. I think we have one more ~11.6 test and then upwards we go.
Jrdelane
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@Alqasim, You were obviously right and hope you stuck to your plan. I held 90% of my shares and diversitifed with the proceeds into some others like ADA and IOTA, ZRX. Good luck, keep posting your good ideas. Thx.