EOS / USDT After almost 1 year consolidation Price finally brokeout strong resistance zone ( 3.8$-3.9$ ) This move was expected before we bought it below 3$ and still holding Now for mid - long term traders EOS must hold above 3.8$ by daily candles to remain in Bullish momentum 🛑 Any daily close below previous resistance zone can turn it bearish Next...
EOS is testing the long held key level of $3.9-$4. If EOS breaks above this it will be a signal for large growth. This could see EOS reaching for highs of $8+ in a matter of weeks. Wait for break above this line before entry TP1- 5.4 TP2 - 8.6 TP3 - MOON Always keep a STOP LOSS EOS is an exciting project, that handles masses of transactions at a much...
Let's simply take a look at the EOS analysis #EOS remained below the movement in the market. So its cheap now. Our important support line 3.30. So if we stay above this line, we can see first resistance 3.91 Most of altcoins are rising. I think now EOS turn :) Support 1: 3.30 Support 2: 3.00 Resistance 1: 3.91 Resistance 2: 4.47 It is not investment advice.
Its been trapped in that channel while other Alts flew. its probable it will make a move to its recent High soon. if it didn't break the channel and started moving down the main stop loss area is highlighted however I personally would exit sooner if it didn't break it in next 1-2 day as there's lots of opportunity in other pairs and wouldn't want to waste too much...
As you can see in this weekly timeframe, EOS is trying to break the weekly resistance and in the first step, I expect $7.40 soon.
Remaining eos just like ada we should hold eos longterm
EOS has made a massive movement to the previous HIGH. SO now we have a double top at $3.8868 and price correction. If you want to open long positions, wait for the better price. But be aware of stepping out of the growing channel. EOS PRICE TARGET IS $5.415 Here you have entry levels for EOSUSD: $3.4504 $3.2692
Consolidation on EOS is abou to breakout, look for price to be doubled from here
EOS turns bullish or have regular bullish divergence in 30m tf. Resistance at 3.10, breakout to this could retest the 3.26. Support or SL at 2.90. Trade Cautiously.
eos as one of the best blockchains is cheap ! theres a triangle in weekly that we are retesting right now . everybody talk about xrp and explode but no one talk about eos . im gonna get a bag of eos and hold for long term
major exchanges have accepted this coin. technical anaylsis is positive and im bullish i trade cryptos on the dips in the weekend please like and follow to stay up to to to date all my anaylsis is with years of trading and also it is my field were i have taught others to trade. I will be doing more trades this week fx and stocks potentially. have a great weekend!
Long! Long! Long! TP: 4.30 5.50 6.20 8.40 SL: 2.40