EOSETH has had a great run since my last post.
At this point, we've just broken the channel, and indicators all suggest overbought condition. Besides, testnet will be alive in a couple of days, and the price of the news has been fully discounted.
In this context, I expect a short-term adjustment / consolidation. Maybe the price will move sideways instead of down, especially if ETH price drops (so EOSUSD drops).
Because I see much potential for EOS, I don't think it's a good idea to sell. Instead, look for good entry points.
At this point, we've just broken the channel, and indicators all suggest overbought condition. Besides, testnet will be alive in a couple of days, and the price of the news has been fully discounted.
In this context, I expect a short-term adjustment / consolidation. Maybe the price will move sideways instead of down, especially if ETH price drops (so EOSUSD drops).
Because I see much potential for EOS, I don't think it's a good idea to sell. Instead, look for good entry points.
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Just to follow up, I think it will stand above the original channel. In a few days, I'll update the chart again, but I think it's going to remain bullish until the ICO is over -> final target for me is 0.05ETH.
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