EOS found the bottom at btc 0.00053 after which price skyrocketed, reaching btc 0.0024. This uptrend resulted in a 357% growth in a matter of 6 weeks. The correction down followed and EOS/BTC went down to btc 0.0015 where it has rejected the support confirmed by two Fibonacci retracement levels.
Looks like EOS should continue the uptrend from the current price, and could reach btc 0.0031 in the coming weeks. The btc 0.0031 resistance is confirmed by two Fibonacci retracement levels, 327.2% and 1227.2%.
On a downside, EOS still is expected to consolidate for some time and could reach 200 Moving Average or an uptrend trendline, which should also be considered as a potential support.
Seems to be hitting the 0.382 support that turned into resistance?
Slik50Play
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I'm getting real nervous. Still holding on to my coins because it's great project and looking forward to main net. It's the biggest chunk of my portfolio along with 0x and others. Took profit around $17. Didn't mind the consolidation but now been watching the down fall since then. Now I see $12 and not sure what to do. I hope something did not go wrong with the project. Haven't seen any news yet.
Slik50Play
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@Slik50Play, On the good side I still have a good amount of tether. BTC rules everything so I have to wait until that straighten up before buying more EOS and others.
dipshlappers
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@Slik50Play, I thought this 'retrace' down to the 12 to 14 range was exactly what we had been waiting on since the hitting ATH order to be able to make a legit prelaunch run high again.
dipshlappers
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@Slik50Play, I say "retrace," because the the natural course of how the price should have gone back down was blocking and inflated by never before seen fomo and hype. Without this dip down, no way the buying could have sustained a healthy pre-launch bull run