petro90

EOS. A possible test $ 1.48 then rebound to $ 3

BITFINEX:EOSUSD   EOS / Dollar
In the previous idea, I wrote that the critical point for this coin is 3.2-3.5 $, and if buyers do not keep this price zone then you need to wait 1.5-1.7 $. However, there was no rebound from this price zone. There was no stop and no more. The price has fallen almost vertically. This coin simply stopped holding.
However, at an approach to the price range of 1.5-1.7 $ volumes began to increase significantly:
On a big timeframe, the current growth resembles a rebound and a test trend line of the falling channel , and the price was traded since the fall of this coin.
If you look at the 4h timeframe, it can be seen that a strong fall began after sellers could break $ 3 and easily withstand this price:
This strong fall wave corrected at the level of 0.618 and now, if buyers do not update the local high, I expect a continuation of the fall to begin at 1.48 $ and will look further whether buyers will have the power to stop this fall. So far this is the main scenario. However, the alternative scenario is a continuation of the fall to 1.26 with a finite point of 1.05 $:

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