Yesterday, as suggested, I did a good trade with EOS.
About my article on the 5 day standard deviation, For those who haven't read it:
https://www.publish0x.com/trade60/it-would-be-nice-to-know-the-range-of-a-stock-or-crypto-the-xomdmpq
So the range we expect today should be between 59800 and 58184.
Low volatility and low volumes for holidays.
On the 4H chart we find a resistance in the 60000 area that cannot be overcome and a support in the 56900 area. The daily trend is still positive but the stochastic in the short term indicates a correction in progress which should represent a buying opportunity.
Graphic: https://it.tradingview.com
In zone 56000, 56500 I would increase the positions in a hodler's view.
This article does not contain investment advice. Every investment and trading move carries a risk, readers should conduct their own research when making a decision.
THE OPINIONS EXPRESSED BY THE AUTHOR ARE PERSONAL ONLY AND FOR INFORMATION PURPOSES AND DO NOT CONSTITUTE FINANCIAL, INVESTMENT OR OTHERWISE ADVICE.
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Thanks for reading.
