Hello traders,
I am sorry that I didn't post analysis recently as I had some health problems. But, I am here to find very profitable trades again!
Looking at daily chart, EOS has been on a one-way track. The downtrend is so strong that the bulls have not been able to sustain the pullback for more than 5 months.
Despite the recent drop in bitcoin, this is the prime time to get into EOS/BTC for multiple reasons:
1) Strong Support: 5000 Satoshi has been major support on December 2017 and March 2018, and it is expected to act as a support again this time.
2) RSI and Stoch RSI oversold in daily
3) Coinbase may consider adding EOS in their platform
The first target will be 7000 Satoshi.
Fail to find support around 5000 Satoshi zone will most likely increase the odd of selling and the target for another bearish breakout will be 4000 Satoshi.
Happy trading!
I am sorry that I didn't post analysis recently as I had some health problems. But, I am here to find very profitable trades again!
Looking at daily chart, EOS has been on a one-way track. The downtrend is so strong that the bulls have not been able to sustain the pullback for more than 5 months.
Despite the recent drop in bitcoin, this is the prime time to get into EOS/BTC for multiple reasons:
1) Strong Support: 5000 Satoshi has been major support on December 2017 and March 2018, and it is expected to act as a support again this time.
2) RSI and Stoch RSI oversold in daily
3) Coinbase may consider adding EOS in their platform
The first target will be 7000 Satoshi.
Fail to find support around 5000 Satoshi zone will most likely increase the odd of selling and the target for another bearish breakout will be 4000 Satoshi.
Happy trading!