P_S_trade

EOS - 6h. Buyers prepare for 50% growth

BINANCE:EOSUSDT   EOS / TetherUS
In fact, the month on the EOS market was completely calm. After the previous wave of growth, which ended on February 14, market participants saw a bright 40% correction. After these active actions, the price of EOS began a prolonged consolidation on the lower volumes. A new wave of growth began on March 31st. It was at this time that the situation on the BTCUSDT market came to a standstill.

The dominance of BTC began to fall
, the price began to consolidate and try to correct. Taking the opportunity, the EOS market grew by almost 50% in 4 days. Most importantly, the prospect of continued growth in the price of EOSUSDT still remains.

If we look at the 3-day timeframe, we can see that high volume buyers attacked the liquid range of $5.4-5.9:
This range has been under the control of sellers since February 2020. Considering at which volumes the buyers attacked this liquid zone, their intentions are serious. For greater confidence, we will expect a retest of this range and a set of a new position in the form of consolidation.

If buyers manage to keep the price of EOS within this range, we will expect the continued growth of the EOS market to $8.5-8.6

Losing control over the range of $5.4-5.9 will diminish buyers' chances of continued growth, but will not completely cancel out. In this case, we will expect a price correction to $4.2-4.3:
______________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!

Trade closed: target reached
>>2-летний ТРЕЙД марафон
Менторство
Помощь в управлении депозитом
https://defimood.com/

Бесплатные сигналы:
https://defimood.com/okex/

Telegram
https://cutt.ly/kxTh2Fh

>>2-year TRADE marathon
Deposit management assistance
https://defimood.com/en/

Comments

wait,, are we going to the moon?
+2 Reply
P_S_trade Miska_Fx_Millionaires
@Miska_Fx_Millionaires, First, buyers should test $ 8.5-8.6
Reply
Professional work, I really like it
+1 Reply
P_S_trade T_V_TreeTrader
@T_V_TreeTrader, thanks
Reply
appreciate your work! Upvoted 🦐
+1 Reply
P_S_trade plancton0618
@plancton0618, Thank you very much
Reply
thank you for your outlook and clean analysis :)
+1 Reply
P_S_trade jojofang0901
@jojofang0901, thanks mate)
Reply
Great technical analysis just like always !
Very detailed chart,
Clean and easy to understand.

Keep up the nice work mate 🙋‍♂️🔥
+1 Reply
P_S_trade Helical_Trades
@Helical_Trades, thank you and good luck!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter