EOS: Buy by breakout OR Sell from a resistance ?

Hello, Traders!
Monfex is at your service and today we overview EOS/USD.

A week ago, in one week the number of participants in the EOS network fell by 43%. But EOS continue to grow.

Now EOS under and near the resistance line of the big descending channel and it's can be signal to sell. Also we have key resistance level by breakout of which we can open long position. By breakout the local support line EOS can reach main support zone .

In case of breakout 61.8% Fibonacci level at daily chart - EOS open target of 38.2%.

  • The local resistance zone ~ $3.60-3.70
  • The local support zone ~ $3.50-3.425

    Supposed Trade Signal by EOS/USD
  • Buy by breakout $3.70
  • Take profit ~$4.25
  • Stop loss at $3.535

  • Market Cap
    $3 314 521 826 USD
  • Volume (24h)
    $2 266 832 638 USD
  • Circulating Supply
    939 683 825 EOS

Share your thoughts, ideas about the market under the chart.

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This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.


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