After a massive run from from the consolidation zone and tight squeeze at the end of March, EOS has made a near 100% ROI having run the projected profit target.
There was a number of smaller time frame break out opportunities along the way to join this price surge if you didn't get in on the initial break of the first and major consolidation zone as part of the larger pattern.
Where to now?
I would expect EOS to enter into profit taking mode and see a retracement now that the projected target has been made. The overall trend is very bullish but after this significant run, there is no high risk/reward set up on offer to simply continue with long trades. If you haven't already, this is the time to bank profits and wait for the next pattern to emerge or look to other alt pairs.
Enjoy.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
There was a number of smaller time frame break out opportunities along the way to join this price surge if you didn't get in on the initial break of the first and major consolidation zone as part of the larger pattern.
Where to now?
I would expect EOS to enter into profit taking mode and see a retracement now that the projected target has been made. The overall trend is very bullish but after this significant run, there is no high risk/reward set up on offer to simply continue with long trades. If you haven't already, this is the time to bank profits and wait for the next pattern to emerge or look to other alt pairs.
Enjoy.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
