EOS. Hodl 8$ and get 30% profit

After consolidation between the price zones $ 7.05- $ 7.35 and $ 8-8.3 $ the price broke the upper zone. If buyers keep the zone 8-8.3 - long to 10.2-10.7.
If we go below $ 8, we will return to the consolidation zone and a possible breakout scenario of 7.05 for the zone test 5.45-6.35.
Also, see the more global idea of EOS, which will explain why I'm waiting for the zone 5.45-6.35. In my opinion, this price zone will either now, or after a big rollback.
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Just do it! (sorry nike)

Comment:

Now a very probable test of the price zone 8-8.3 $ If Eos are hodl - the long to 10.15-10.75. next support 7.05-7.35.
But if the BTC fly up - there will be a completely different story))

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an important point...

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Though we have tested the required zone for the long - we need to know if the EOS will hold $ 8 at the drop of BTC. So it's too early to buy it.

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EOS also has its own consolidation channel. As long as there are not large volumes we will be moving in this channel.EOS tests the price range of 8-8.3 $. I do not like that EOS so easily fell, despite the fact that Bitcoin did not make big movements. I'm not sure that it's time to buy eos in the long term. In order to trade within the yellow channel, it's worth a try.

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Beat $ 8 and the yellow channel. I am waiting for a $ 8 test from buyers. Then I go to the short.

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EOS is pushing down, but buyers are trying to keep it. A yellow channel test is possible. To continue the fall the price should not go above 8.3
But better not to exceed $ 7.5

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On a daily timeframe, we consolidate under a broken price zone of 7.05-7.35. Daylight candles show how buyers are charging the price. This means a possible reversal of the market. The ideal long will be from 5.8-6.5. This is 10-15% better than now. While sellers have the advantage - I'm still waiting. But for long-term investors, you can start placing orders from $ 5.8 to $ 6.5.

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a triangle formed under the zone 7.05-7.3 was formed.I see 3 options for the price movement. They all end up moving down. I do not see the volume of EOS, but above the broke price zones with a large volume.Also, look at the weekly candle. If it closes as it looks now - we are waiting for the continuation of the fall.

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The price returned to the yellow consolidation channel.

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EOS passed all three of my scenarios and hit the upper trend line and zone 8.8-9.1$. If the blue trend line and zone 8.8-9.1 are broken - then a strong long to 10.5-10.7 and with a good zone test 8.8-9.1 - the global target is 16-18 $
The second scenario is the continuation of the consolidation and punctuation of the zone 8-8.3 and the movement to the black trend line to $ 6-6.5.
At the moment we are still in a consolidation. Watch out for buyers attack.

Comment:

EOS hold better than XRP. the buyers successfully repaired the first attack of the price zone of 8-8.1 $ (slightly reduced this zone), showing strength. It is important that this zone rests at the fall of the BTC. For a strong long we need:
1. Hold zone 8-8.1 $
2. Break the blue channel
3. Hold the zinc area at $ 8.8- $ 9.1

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consolidation in an important price zone. We have to wait.

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EOS returned to the falling channel and broke $ 8. The next stop is $ 7.1-7.35. Globally I wait $ 6.

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EOS Sellers tend to lower the price to $ 6. I will watch carefully how the day-candle will close.

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Prepare to buy EOS for $ 6