Big Boy EOS looks to be gearing up for its next run up.
I am sharing my thoughts and this should not be taken as Financial Advice, this is just my thoughts on a potential buy zone with great reward and low risk.
EOS - As you can see we broke out of a falling wedge on the 4HR time frame. This geared us up to test a key resistance level at 197000 sat zone which tested twice and formed a double top which caused a sell-off on EOS, partnered with erratic BTC behaviour we are now seeing EOS find some support around the 160000 sat zone which is a huge buy opportunity in my opinion.
Positives about this chart - 1. R:R in our favour - a no brainer trade set up in my opinion 2. 4 Hr MACD turning up 3. Fundamental Mainnet Release on the 31st 4. Support Structure combined with Trending Support at our buy zone.
@Jrdelane, thanks mate, will double check and change accordingly. Legend
Jrdelane
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@AlpoCrypto, Shorts own EOS now, the tide has to turn pretty soon, but conventional wisdom doesn't prevail always. It appears as though we're going to the $11.30 range next, hope it stops there and reverses.