Considering the and the resistance levels above, EOS looks to be quickly losing steam. After some cooling off, EOS should be ready to smash through the $3 resistance to test the 0.382 or 0.5 Fibonacci level just under the descending resistance (diagonal pink).
Traders should be cautious with entering positions after a 56 percent pump. A long position may be considered after confirmation of correction, depending on each individual’s risk allowance and trading strategy.
EOS - Dollar 1 Day BitfinexEOS - Dollar 1 Day Bitfinex
Do you think EOS will ever make a new all-time high? Will the altcoin close below $1.80 again?