Hey guys, EOS, just like the other alts, looks 'old' right now compared to grandpa Bitcoin, as Bitcoin is surging due to fundamentals of a potential ETF coming up in August.
Nevertheless, EOS has managed to stay stronger compared to the other alts (who are building Head & Shoulder reversals). We are still upholding 4H 26 EMA, and have touched previous resistance at 8,15. Our 4H Higher Lows come in at 7,85, which will be critical for the bulls to uphold.
In the bigger picture on the Daily we have built 2 nice rounded bottoms (which could potentially also be an Inverse Shoulder & Head), with the neckline at 9.5 => The break here will be definitive, once grandpa Bitcoin breaks higher.
The the downside we have 6.5 as support, so it's quite possible to form a Higher Low on the 4H & Daily compared to that, and then break the equilibrium.
If you had some value from my analysis, please like & subscribe so you don't miss it next time, I'm doing it daily! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Nevertheless, EOS has managed to stay stronger compared to the other alts (who are building Head & Shoulder reversals). We are still upholding 4H 26 EMA, and have touched previous resistance at 8,15. Our 4H Higher Lows come in at 7,85, which will be critical for the bulls to uphold.
In the bigger picture on the Daily we have built 2 nice rounded bottoms (which could potentially also be an Inverse Shoulder & Head), with the neckline at 9.5 => The break here will be definitive, once grandpa Bitcoin breaks higher.
The the downside we have 6.5 as support, so it's quite possible to form a Higher Low on the 4H & Daily compared to that, and then break the equilibrium.
If you had some value from my analysis, please like & subscribe so you don't miss it next time, I'm doing it daily! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.