DrJLT

EOSETH temporary retracement ahead

BITFINEX:EOSETH   EOS / Ethereum
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.
Dec 05
Kommentar: 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.
Dec 05
Kommentar: checkout my website
https://www.jlteng.com/

Kommentare

Hey, that final target... is this on a short term or on the long term? Is this to be expected in a couple of weeks or more in terms of a year or more?
Kind regards, Erik
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DrJLT devlies
@devlies, long term. of course not in days. mid 2018
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devlies DrJLT
@DrJLT, Thank you
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EOS has come up nicely
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