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ArnJuDQ
Dec 16, 2019 5:22 PM

EOS Bottom ? 

EOS / BitcoinBinance

Description

EOS/BTC Bottoming?

Difficult to answer accurately, but we can nevertheless see that EOS is currently operating in an upward triangle configuration, which is generally a bullish figure.

Technical indicators on a 4-hour horizon are beginning to show signs of reversal and they are positive on a 1-hour horizon.

What are the possibilities?

if the oblique support holds, the first target will be 38206 first, the resistance of the triangle to 40160 then and 42212 in extension.

If the bracket does not hold, the next brackets are at 34586, 33186 and 30628.

Stay safe!
Comments
ArnJuDQ
Bullish scenario cancelled for this one, reaction on 33186 support for now.

Let's wait for the BTC to settle then we'll find another entry point guys!
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