We can observe short-term trend reversal and start of a new bull market that might take us to 6USD.
This cross is absolutely oversold, the cross after a long trend break the trendline. Now is deeply oversold and i expect a violend pullback to the upperside of the trendline
the price is approacing the ascending trendline. I sugged a long position on this cross. Important movement may occurs The same will occurs for eosbtc and eosusd that have a similar situation
Technical indicators in both EOSETH and EOSBTC are turning from SELL to BUY condition. EOSUSD can't stay at this price if EOSETH and EOSBTC skyrocket.. it oversold. My analysis are for a LONG position on this cross
A long time oversold situation and the movement on BTC will be the boost for the skyrocketing of this cross today
As you see in my old chart, we have reached the goal. The question is now: do we have more up to 3 USD or a further consolidation below 1 USD. In my opinion, both are possible. I will update the chart if the situation looks clearer to me. Let's see what happens. Happy trading.
See my earlier idea for the blunder. Thanks
The time frame of eos is very short. The analyzes are therefore very fragile. I see two possible trend channels just now (down red/green an up pink/purple). Point 1: Here could be a first up, if the resistance will break. Point 2: Here could be also an up later. For me 2 is more possible, because we should see 23.6 fibo bottom. Let's see what happens. Happy trading. :-)
Here comes another drop...
EOS is not done yet, buy here and target is $10