###A little bit of history:
Eos has extremely lost value during this month and might still do the same for the coming week. It will surely peak around April 13th for the EOSDAC coin drop before trending down again.
This is one of the most interesting ICO's out there with a very good team, having a great vision, especially on dApps/DEX and a github community and projects expanding exponentially, that could lead this coin to the top as it's a very interesting, self-sustaining, business model that is truly decentralized and without a central governance.
There are other models out there, but none of them have reached EOS popularity and evolution as of now.
###Trade idea
Looking at the below idea, EOS will soon enter the area of Bull/Bear fight (verdict time area between Sat 10th - 20th)
The big dotted GREEN line is a major (long-term) bullish trend line and it will compete with a steep bearish trend line represented in big dotted RED
If the bulls win, which is more likely due to the ICO's objectives and current projects they're working on, we will see it climb to the top in the next month before retracing.
My assumption is that it will reach the 142k (min: 124k) sat right before April 14th before going into a correction phase:
###Trade entry/stop/target
Trade entry @ around 56k sat
Stop loss @ a little less than 45k sat
Trade target 1 @ 80k sat
Trade target 2 @ 100k sat
Trade target 3 @124k
Trade Target 4 @ 142k sat (Risky but feasible)
You can have a look at the full chart here: https://www.tradingview.com/chart/EOSBTC/150QFjfv-EOSBTC-Clash-of-the-titans-Get-ready-for-the-show/
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Update 1:
Soon to begin the fight! Make sure you booked your seats in the front row :)
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Update 2 :
The big fight has begun and we are at the 4th round with 3 for bears/1 for Bulls.
This is a good strategy because this is a 12-rounds match and bulls need to keep their energy for the last rounds.
Link :https://www.tradingview.com/x/Lx5v2bRy/
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Update 3:
As we can see, round 6 has begun and so far:
BEARS: 3
BULLS: 2
We didn't yet take advantage of our major trend line below (in GREEN) as the 63k line is still keeping us afloat. We will catch the big ascending GREEN trend line which will help us in breaking out of this difficult level. Keeping all our energy for the last and most important rounds is the best strategy for this endurance challenge.
Stay tuned!!
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Comments are always welcome!
