EOSUSD: Possible Reversal from 5.50

If Bitcoin falls, the EOSUSD market will be able to move downward as well.

The price can bounce from 5.50 level. RSI is going to confirm the price reversal. The same goes about MACD histogram.

The downward movement will be good for the market and it will allow to get good trade opportunities. We should wait for reversal signals from 4.50, 3.70 support zones as well as from SMA100 and SMA200.

This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.

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It scares me to trade EOS when it dumped so crazy hard today.

It has been so stable keeping its gains.

I got really surprised.
What if the BTC makes 11500? What will EOS do in this case?
+1 Reply
DLavrov YarikVeliciko
@YarikVeliciko, if BTC moves upward ,the altcoins will be able to follow the main market.
+1 Reply
@DLavrov, I agree. This is a key point. Therefore, from these marks, EOS will go on the road to the main asset
thank you
DLavrov majunmetal
@majunmetal, you are welcome!
Was eyeballing the same move here mate, good luck with your trades... As you rightly mention any dips will be a nice buying opp!
+1 Reply
DLavrov ridethepig
@ridethepig, great! I also added this market in my watchlist and waiting for buy opportunities. Thanks for your comment!
+1 Reply
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