EOS: Trade of the Month – 21% Unleveraged – 200% with 10X Leverage
EOS, backed by Block One.
Nouvive’s Partners, CACM and Aeries Lab’s have found EOS to have one of the best fundamentals in terms of Marketing, Team and Venture Capitalist Backing.
This is perhaps why we saw it go from $1 to $20 in the space of 6 months, especially during a bearish Market.
Moreover, the mere fact that they raised $4 Billion means that they can allocate at least 10% to Marketing – making their marketing department far more superior to Ripple’s.
They are also backed by both Bitmain and several sovereign wealth funds.
What about this trade?
EOS is currently in a bullish pattern, that collated with their team quietness means one thing: They are gearing up for a big move upwards.
There is a lot of buy pressure at $4.10, this could be a big buy wall by their team to mean it will never go further than that.
That collated with the decreasing volume, illustrates that a move will be occurring shortly.
This could perhaps to do with the mere fact that their RSI indicator illustrates that they are at 1 – meaning they are heavily sold.
The STOCH has also crossed over meaning, that there is a bullish sentiment coming.
Therefore, Nouvive recommends a BUY.
Where should you take profit, a short-term take profit should be at $5 as a result of the sell pressure at that level, that could mean a retracement.
A long-term take profit of 3 Week duration would illustrate a sell at $6, from both a wick upwards of the local support area and there being a huge sell wall there.
Nouvive issues a BUY for EOS.
If You want to buy: Enter a position at just below $4.615 with a take profit at below $5.12 to $5.92. Increasing Stop Losses as when in Profit.
The first stop loss should be at $4.48.
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