EOS to continue Unloving
EOS following their Mainnet launch in May has come crashing down from highs of $19 to $8. As a result of a lack of conferences or any material technology changes, Nouvive believes that EOS during this unloved, bearish Season has found an appropriate position to short EOS from.
Positive news may come about over the new few months, a longer time frame, representing a lack of draw down from this short. Block.One, EOS’s backer has started funding new projects, taking time off their big daddy coin. In November, EOS will start to see a move towards the Upside.
Nouvive recommends entering short positions using a strategy known as Dollar Cost Averaging, this will have a specific average price to which you will enter.
Enter 50%: 0.0012194
Enter 50%: 0.00117739
Take Profit 50%: 0.00086197
Take Profit 50%: 0.000555
Stop Limit: 0.001247
Time: 6 Weeks
Probability – 79%
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