HELLO, I'M BACK AGAIN - A LOOK AT EOS

Musical Mutterings

GOOD AFTERNOON STEEMIT!

Sorry for the radio silence over the weekend. I stepped away from the computer and if I'm honest, I really needed the break from not only the entire cryptosphere, but also just what can at times seem like my monotonous life.

But after the weekend slipped away, I then let Monday slip away too as I got back into the groove. Writing like this does actually take routine and discipline. Once I lose my routine, then my discipline goes out the window.

This has been one of the hardest things for me to overcome in normal working life and of course trading. The difference however, is that I can now identify the problem and make a conscious decision as to where to go from there. As you can see from my lack of recent blogs, I don't always make the right call, but at least I'm in control ;)

A LOOK AT EOS

But even when we're not here, the crypto show rolls on! I might not have been writing on Steemit, but I have certainly been keeping track of my crypto positions.

So tell me. Did anyone else buy the fucking dip on EOS? That higher time frame support level on the daily chart was pretty telling as it turns out:

EOS/USD Daily

I wasn't sure whether it actually would hold as support because it's just really the bottom of the first daily candle and nothing more. But add in the trend line breakout and some intraday price action and it's BOOM time!

Correct me if I'm wrong, but I can't actually find any fundamental announcements or the like, meaning that this is basically just a technical move where price got too low for how cool and how much potential the EOS project actually has.

EOS/USD Hourly

Zooming into the intraday chart here with a look at the hourly, you can see that these sorts of momentum moves provide some great opportunities to add into your original position.

Have a great Tuesday! :)

Peace.

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