Makaveli EOS Next 3 Shooting Target to $16 Bulls Fearless Ride
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EOS bulls run as we talked about is about to begin as expected and like I said in my last EOS analysis that my first target was $6.
further analysis on EOS , shows that the current data formed since my last analysis is favouring this bulls run incoming, of which after this breakout, price will retest the breakout area ($3 - $4 range previous resistance area) before the major run begins
For Short Term overview(4hrs Chart)
We see a clear view of what the current breakout looks like, we see the $4 acting as a new support area(short term) after the breakout, simply meaning the journey to $5.5 to $6 range is about to kick start most likely today.
but do expect a retest of this resistance currently breaking most likely will take place after this move to the $6 range.
for Long Term overview, Weekly chart
a closer view on the weekly chart show a sideways pattern called the Rectangle consolidation pattern formed on the support since march 2020. While every thing crypto pumped in dec 2020, EOS was trapped in the Rectangle pattern up till now.
The rectangle pattern is easily identifiable by the minimum of two comparable highs and two comparable lows.
The highs and lows can then be connected with trendlines to form two parallel lines that make up the top and bottom of a rectangle called Support and Demand.
The rectangle is popularly known for its continuation of the previous move before the pattern is formed but in EOS case, we have this pattern formed on a base support that has been held down by the bulls since Dec 2018(2years support)
we see the first Daily chart shows that yesterday a candle tried to breakout of the rectangle. and successfully closed above it
This is a sign that the pump time is close and explosion is incoming on EOS.
For my target, I have 3 importance area of importance to take out some profit in percentage and here are there;
* First Target = $5.5 to $6 range
*Second Target = $8.5 to $9 range
*$15.5 to $16 range.
EOS bulls run as we talked about is about to begin as expected and like I said in my last EOS analysis that my first target was $6.
further analysis on EOS , shows that the current data formed since my last analysis is favouring this bulls run incoming, of which after this breakout, price will retest the breakout area ($3 - $4 range previous resistance area) before the major run begins
For Short Term overview(4hrs Chart)
but do expect a retest of this resistance currently breaking most likely will take place after this move to the $6 range.
for Long Term overview, Weekly chart
The rectangle pattern is easily identifiable by the minimum of two comparable highs and two comparable lows.
The highs and lows can then be connected with trendlines to form two parallel lines that make up the top and bottom of a rectangle called Support and Demand.
The rectangle is popularly known for its continuation of the previous move before the pattern is formed but in EOS case, we have this pattern formed on a base support that has been held down by the bulls since Dec 2018(2years support)
we see the first Daily chart shows that yesterday a candle tried to breakout of the rectangle. and successfully closed above it
For my target, I have 3 importance area of importance to take out some profit in percentage and here are there;
* First Target = $5.5 to $6 range
*Second Target = $8.5 to $9 range
*$15.5 to $16 range.