Hey there,✌ As you can see on the chart, the price of KUCOIN:EOSUSDT has been in a specific range for the past 8 months. After this period of fluctuations, the price broke out with a 50% increase and reached the $1.30 liquidity zone. However, at the moment, the price is trading around $1.
Looking at the long-term time frame, one scenario we can consider is as follows: After ranging, if the support levels of $0.85 and $0.50 are maintained and confirmed, there is a possibility of another rise to the $1.30 range. In the long term, if the price breaks and stabilizes above the 200 EMA in the $1.30 range, the upward momentum will be stronger and a target of $2 can be considered. On the other hand, if the price falls below the $0.85 range after ranging, a correction to the $0.50 range can be considered.
This is not financial advice. Always do your research before making any investment decisions.🙌
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌ if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌