- Touted be an Eth killer in the previous cycle, EOS has been stagnant for a long time, apparently due to a lot of mistakes & bleeding talent
- But recently there’s been a lot of developments and EOS 2.0 promising a pivot that’ll attract a lot of Devs into the Eos community
- More recently, B1 has injected a 45million Eos tokens into Helios ruled by Brock Pierce...
Trading suggestion:
There is a possibility of temporary retracement to the suggested support line (5.5830).
. If so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EOSUSDT is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (4.90).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EOSUSDT is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (4.45). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EOSUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
....
It is approaching gold crossing possibly apart that sma indicators indicate that it is good buy price and make some profit.
It is possible to see the price of $3.20 USD per EOS.
From my personal point of view we are about to enter a bullish race
Bullish structure broke down from price 2.70 which was a critical level.
Reasons:
1. Rsi divergence
2. Price broke down and made lower high
3. Fib level confluence at 2.70 to 2.10
EOSUSDT Daily.
2.9390 is a strong resistance if that resistance 2.93 and 3.18 rejects price to up word then we will see another bottom at 1.63 till Jun 15/2020.
Reasons:
1. Price following through a narrow parabolic channel.
2. Price is still making lower low on HTF.
3. Assuming Rsi will be at overbought condition when price reaches to resistance zone 2.93.
EOS has showed strong upward trend last month and surged 90+% strongly.It has dropped in price about 25%+ since the last post.
Bullish Case:
It tested the Resistance(red bar) at $3.0 price level and dropped 25% recently.
If it manages to hold the support level(green bar) and breaks the $3 price level, then it we might test the $4.4 level with two major hurdle to...
