When it comes to the retrace/consolidation phase, EOSUSDT was one of the altcoins that went deeper.
While Bitcoin and others stayed above EMA10 after the massive mid-January pump, EOSUSDT moved to test EMA50 as support and even closed below EMA10, EMA21 and EMA100.
We frequently say... "What one does, the rest follow!"
Even though EOS moved lower 18-Jan., yesterday a full green candle send its price trading back above EMA10, EMA21, EMA50 and EMA100.
Compared to other major altcoins, this one is still below MA200... What to make of this?
This tells us that there is higher potential for growth... That's the beauty of crypto, if one pair goes ahead you never miss an opportunity because there are always other pairs that will follow and do the same.
With this strong bullish bias, the next target short-term is set at $1.13 or MA200, followed by $1.22 and finally, $1.50 for EMA300 or the 0.618 Fib. extension golden ratio.
This is truly only the beginning... Things are absolutely just getting started!
Our beloved cryptocurrency market will grow for months, literally!
We have many confirmations now. Jump on board and enjoy the ride up.