Long
EOS/USDT – Double Bottom Formation Signals Potential 200% Upside
hi Traders
The EOS/USDT chart is currently showing a classic double bottom pattern, a strong bullish reversal signal typically seen after prolonged downtrends. This formation is evident with two distinct troughs forming near the $0.50–$0.55 range, followed by a recent price uptick indicating the start of a potential breakout.
The projected target for this breakout is around $1.72, which represents a 200% increase from the current level of approximately $0.57. This target aligns with a key horizontal resistance level from previous market structure.
If bullish momentum continues and volume supports the move, EOS could revisit this critical resistance zone in the coming weeks, making this a potential high-reward setup for traders eyeing a medium-term opportunity.
It may take some time but the patience will be rewarded!
The EOS/USDT chart is currently showing a classic double bottom pattern, a strong bullish reversal signal typically seen after prolonged downtrends. This formation is evident with two distinct troughs forming near the $0.50–$0.55 range, followed by a recent price uptick indicating the start of a potential breakout.
The projected target for this breakout is around $1.72, which represents a 200% increase from the current level of approximately $0.57. This target aligns with a key horizontal resistance level from previous market structure.
If bullish momentum continues and volume supports the move, EOS could revisit this critical resistance zone in the coming weeks, making this a potential high-reward setup for traders eyeing a medium-term opportunity.
It may take some time but the patience will be rewarded!
💥 Free signals and ideas ➡ t.me/vfinvestment
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💥 Free signals and ideas ➡ t.me/vfinvestment
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.