EOS is currently holding right around the .236 fib level outlined in my chart. EOS has had a pretty brutal 25-30% sell off in the last few days; and there is a chance we might consolidate on the .236 before moving down to my target around 5000-5100. We've seen that 5000-5100 area act as strong support in the past, and it acted as a spring-board for the last 2 major runs EOS had as shown by the first run which went 160%, and the second run which went 375%. If history is any indicator, we could see something similar happen if this 5000-5100 zone acts yet again as strong support.
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--This is not financial advice. Always do your own research and come to your own conclusions before buying/investing, as investing in cryptocurrencies comes with high risk and high amounts of volatility.
If my post was helpful, and you'd like to support me, here are my donation addresses:
BTC: 3JA2z6FkxDhEHo5ncMEHHGLx78dzzwC1KH
ETH: 0x61DF878e5436530122f1A303e095dBd344502228
LTC: MVDbAhm2yoyCzeRnayMN61oZp75MZ5SZVj
Many thanks! :)
Comment:
Consolidating around the .236. Watch for a break up or a break down of this range:
Comment:
Sitting right within the support zone. If this breaks, thing may get interesting:
Comment:
Has held the previous support zone pretty well so far: