Technically; RSI (14) depicts a vividly more & more accumulation on a Weekly timeframe.
Fundamentally; what are "possibilities" for its' future? More fiat currencies are going to be produced as Cryptos Rocket Fuel. Let's consider it simple: It has been a trend since more than 200 years till present. Fiat is being produced & no clear vision for their stoppage is deemed in near future. So, I would prefer to consider part of my portfolio as a constant investment in Crypto Industry. No matter what governments need to set regulations to adapt themselves to this tremendous change & not people to adapt to their rules.
Making money requires time and no change happen all of a sudden. It is not a financial advice. Ideas worth spreading (TED).
@mortezaemzajerdi, I agree with 40 USD target but the duration.. Probably will hit this target in 2021 and in 2023 we will see 100 USD or more
Morteza-Emzajerdi
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@suckerO_O, I do think so. Growth happens in a shorter time. Just an outlook of a potential.
Phantom_Puppeteer
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@mortezaemzajerdi, also don't forget that EOS had a sideways movement in full 2 years... that means the accumulation is massive and once breakout happens from downtrend it will be big
We all would love this to happen but if we want to be realistic this is far from being true. Just have a look at the recent bull market you can see even in such a bull run EOS didn't move a bit and it's been stuck since 2018 in the same price range. But in the end it worth taking a risk and buy at the deep wait for few more years.
Lucabros
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I didn't see the positive divergence on the weekly RSI. Good catch!