EOS/USDT : Bullish Momentum in Sight Amidst Correction ?
In this technical analysis, we delve into the EOS/USDT trading pair to identify potential opportunities for traders.
1. Correction/Resistance Area - 0.775 - 0.785:
Currently, EOS/USDT is encountering a significant correction/resistance area between 0.775 and 0.785. This range has historically posed challenges for the pair, limiting further upward movement.
Traders should closely monitor price action within this zone as it could offer valuable insights into the potential market direction.
2. Price Expectations - Buying Opportunity at 0.650:
Based on our analysis, we anticipate a corrective movement in EOS/USDT, leading the price to retrace towards the 0.650 level.
This retracement presents an attractive buying opportunity for those looking to build positions or add to their existing holdings.
3. Invalidation Point - 0.800 - 0.820 Breakout:
Traders must exercise caution and vigilance as the price approaches the 0.800 - 0.820 range. A sustained breakout above this level could indicate a significant shift in momentum, signaling a bullish trend for EOS/USDT.
plan your trade and trade your plan.
Eosbtclong
EOS/BTC at baseline- Eos bounced of channel middle line (green) before getting rejected at an S/R level at 0.00026
- It is at the base support level currently
- 235% from 0.00026 level
- 3000% from previous ATH
Can expect a 5X based on recent developments
EOSBTC Technical Analysis 67% Target projection.EOSBTC Following symmetrical triangle pattern.
With the help of Support and resistance level, we have put some targets.
1 Resistance level :0.0009091
2 Resistance level :0.0010135
3 Resistance level :0.0012325
4 Resistance level :0.0014201
1 Support Level: 0.0006925
2 Support Level: 0.0005161
Second support level is strongest Support Level.
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan
EOS Buy Call Triangle Breakout EOS Broke Triangle Pattern , Now Target is Next Resistance Level
It take some time because we are using 4H TimeFrame
#GoodLuck