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EOS Price Analysis - Keep It Simple by heyimsnuffles

View this thread on: hive.blogpeakd.comecency.com
· @heyimsnuffles · (edited)
$1.44
EOS Price Analysis - Keep It Simple
# You Cannot Ignore the Relative Strength of EOS

<center>
![eospic.JPG](https://masdacs.io/imageupload_data/73c48f5907d63c68eb2bcab13436916f2b176899)
</center>
Trading Tip: Learn Relative Strength
- When Everything Goes Down, WHAT is going down the least

Take a look at the CARNAGE of crypto in the table below...
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![eosstrength.JPG](https://masdacs.io/imageupload_data/3e01b5bf65ef3ec43da5aa463090412880fba7fe)

## Notice Anything?
</center>

# EOS has gone down...6% this year? 

Compared to the others, that my friends is called relative strength. Now look at the chart. EOS has held the prior lows, and if bitcoin bottoms here and bounces big (50+%, you know a true bounce) I am expecting a MONSTER RIP from EOS.

Use a stop of 4.60 (risking 13%) and buy as much as you want honestly looking for a monster 100+% move.


![eos.png](https://masdacs.io/imageupload_data/4eef0eef304e84b80f245aa6db7b7b17474c3fea)

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by [heyimsnuffles](https://mentormarket.io/profile/@heyimsnuffles/?aff_id=heyimsnuffles)</center>
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vote details (154)
@bitbrain ·
I don't feel so bad about my beloved NEO when I look at some of those others!

I hear your point, but I offer a word of caution: I think EOS is enjoying it's time in the sun: same as NEO has done before, same as Cardano has done, same as Tron, WAVES, even Metaverse ETP. This *MAY* be an indication that it is very strong, but I consider it more likely that it is showing that EOS is currently at the top of it's game i.e. - a large drop (vs BTC and the other altcoins) is very likely on the cards. I like EOS and I think it is very good, but I can't see any reason for it to outperform something like NEO (yeah I'm biased, but my point stands) which I would really consider to be an even better designed coin. Because of that I suspect that the "overvalued" scenario is more likely and have not invested in EOS myself. 

I make many mistakes, so I obviously don't have the answer to this, but please just keep that in the back of your mind.
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@dynamicrypto ·
$0.07
I see alot of bag holders, too many bought in at the hype around $10+ and want to recoup losses so not panic selling like all other crypto hodlers have accept Bitcoin also has held strong in this market compared to the alts.  I still don't like EOS and see potential in 2 or 3 years but not for a while.
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vote details (6)
@summertooth ·
Thanks, man.  This is something I look at but didn't know it had a name. Looking forward to that bounce though!
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@tradealert ·
Great work man, data doesn't lie.
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