Hey guys,
Remember after the mainnet was launched, I was asking how strong EOS actually was?
If you click the link to last week’s blog, you can see that price was pushing into higher time frame resistance and while the Internet was getting caught up in the mainnet launch hype, price is all that matters.
Take a look at the intraday level that we were watching for a short entry, if the higher time frame zone held:
EOS/USD Hourly
After the successful mainnet launch, I’m more using this chart to see just how bullish EOS actually is. How often have we seen buy the rumour, sell the news price action unfold.
Is EOS any different? Time will tell.
Well time told.
And just like I’m a broken record, good levels continue to hold and more often than not give savvy traders multiple opportunities to enter off of.
Here is today’s reaction off the same hourly level that we’ve been following:
EOS/USD Hourly
Trading is fun again! 😇
✌🏻.
@forexbrokr | Steemit Blog
Market Analyst and Forex Broker.
Twitter: @forexbrokr
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