EOSEUR: Short term forecast and review of our trades

Long

EOS / Euro (KRAKEN:EOSEUR)

Aktualisiert

KRAKEN:EOSEUR EOS / Euro

EOS is an interesting project started by Dan Larimer and the company block.one. We had invested in the ICO presale, and have been trading it actively since it started trading at Kraken. Usually ICOs outperform the market while it's bullish, and the negative press, and the negative sentiment in BTC made me feel confident in trading the long side here. We invested 1% and pocketed 1.5% give or take, whilst still having a position as a longer term stake for free. The distribution model is interesting, the only variable that might be of concern is the fact that the ICO is uncapped. After the initial 20% round, there will be a gradual distribution of coins in subsequent funding rounds during one year. The market for it was available for traders right after the first funding round ended, making it an interesting trading vehicle.
Best of luck if trading this pair. Not the best time to buy, right now, but, keep an eye out for the targets, and the first day of trading's levels I highlight on chart.

Cheers,

Ivan Labrie.

Kommentar:

Target #1 hit, target #2 pending in $EOSEUR

Kommentar:

A few possibilities for $EOSEUR after failing to hit the bullish targets on time

Ideally, we will hold around here.

Kommentar:

Bought the dip at 2.25494 Euros to add, we hit 6.2, so my first target was hit but not the second one yet. You can close partially if you didn't yet. I would try to hold for 2 more days at least, in case we do hit the 2nd target, then watch it, it can hold up here for longer, we would need to see how it trades during the first week and month, eventually, to make a more precise, longer term asessment.

Kommentar:

$EOSEUR acting strong, first target hit, we can still hit the 2nd one within 2 more days