π Paradisers, the recent market dynamics surrounding #EOS have indeed been noteworthy.
π EOS experienced a false break on the lower time frame (LTF), indicating the potential for a revisit to the Bullish OB area to gather momentum for another attempt at breaking the resistance.
π A successful bounce from the OB area and subsequent breakout of the resistance could signal bullish momentum, leading to continued upward movement.
π Reaching the supply area would require another breakout, potentially propelling EOS towards our target strong resistance.
π However, if EOS fails to bounce upon testing the Bullish OB area or even breaks below it, there's a chance of revisiting the major support area. EOS has previously bounced from this area three times, often indicated by wicks, suggesting strong buying interest at that level.
π Bullish Invalidation would occur if EOS fails to sustain its price above the major support area, resulting in a candle close below it. This would signify bearish sentiment and could lead to further downward movement.
MyCryptoParadise
iFeel the successπ΄
π EOS experienced a false break on the lower time frame (LTF), indicating the potential for a revisit to the Bullish OB area to gather momentum for another attempt at breaking the resistance.
π A successful bounce from the OB area and subsequent breakout of the resistance could signal bullish momentum, leading to continued upward movement.
π Reaching the supply area would require another breakout, potentially propelling EOS towards our target strong resistance.
π However, if EOS fails to bounce upon testing the Bullish OB area or even breaks below it, there's a chance of revisiting the major support area. EOS has previously bounced from this area three times, often indicated by wicks, suggesting strong buying interest at that level.
π Bullish Invalidation would occur if EOS fails to sustain its price above the major support area, resulting in a candle close below it. This would signify bearish sentiment and could lead to further downward movement.
MyCryptoParadise
iFeel the successπ΄
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