What a day/night! If you managed to catch the bottom around $9.50 that is impressive you are up $2 in a matter of hours. The volatility continues to be extremely high and if you are agile and can get into and out of positions quickly you can really make a killing. (Days like today I wish I knew how to code some trading logic and utilize an API). Nothing beats a good hold though which I intent to do for a long time.
Today's analysis shows that the bull case is still alive and well and in-fact the pullback is welcome. Cools off the market and allows new buyers to build long term positions. Takes away fear and reduces probability of a major crash. This is great news and great to see even if your portfolio takes a temporary hit.
We are back below resistance at $12.73 and may stay here for a little while. However with VC news on the horizon we might see another bump and jump. In my opinion these are great consolidation levels. Handle is still there and general uptrend is apparent. The trend is your friend.
Update with current support and resistance levels
As always I am trying to find real-world use cases for blockchain technology and EOS is the front runner in my opinion. I am a long term holder but like to keep my finger on the pulse. Thanks for reading my post.