ridethepig | EOS Market Commentary 2020.01.20
Diupdate
A funny weekend for Cryptos. Profit taking across most major coins which is only natural after such an impressive advance. BTCUSD spiked to above 9,000, just shy of the 9,200 pivot. EOS has been reacting to the increased purchases of LiquidX. Price settling back towards the highs here and a healthy target at $4.50 seems appropriate to me, especially given how we are already +72% in the previous units.
The market will start to get worried about becoming overstretched, soft hands are closing as we head into February, but there is a window for a major breakup here with many underestimating the Crypto inflows over the next couple of weeks I think.
I recommend to stay long EOS. GL all those trading today.
The market will start to get worried about becoming overstretched, soft hands are closing as we head into February, but there is a window for a major breakup here with many underestimating the Crypto inflows over the next couple of weeks I think.
I recommend to stay long EOS. GL all those trading today.
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