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AsBobbyDigital
Aug 12, 2018 8:53 PM

EOS ($EOS): Bouncing crucial support 

EOS / BitcoinBitfinex

Description

EOS is bouncing crucial support - the bottom line of global upwart channel.

Comment

Support at 0.00078 was broken and the price dropped to 0.00073. At this price zone lies important support - the bottom line of Global Upward trend channel. If the price gets below this bottom line, then we can expect downtrend continuation, to 0.00060 zone, where is good supply and demand zone.

Comment

EOS is bouncing the bottom line of global upward bullish channel. EOS have to daily close above 0.00072. If does it happen, uptrend could be expected.

Comment

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Comment

Waiting for entry at around 0.00060 price zone.

Trade active

One more bounce to 0.00060 zone is expected and then rally can begin.

Comment

Comments
klimauk
I can imagine it will go down like whole market, but what reason you found to put the lines up till 20k?
AsBobbyDigital
@klimauk, Hello, this crazy idea :-)

AsBobbyDigital
@CryptoMoe81, Generaly, EOS is testing the bottom line of Global Trend Ascending channel. Also possible Hidden Bullish Divergence is performing.

klimauk
@CryptoMoe81, Hello, OK thank you for explanation of your idea.
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