EOS/ETH look like it bottomed out, and from here it can (hopefully) only go up. I think it's a good time to look at eth pairs. There is a bit of resistance at 0.00242 Eth. But I believe it will be broken
EOS breaking out vs USD. But this chart vs ETH is looking even more bullish.
This is one example why is good too swap top caps for EOS atm.
We can also use this chart not trade EOSETH directly but to understand if better to allocate to EOSUSD instead of ETHUSD.
Check EOS video analysis in link bellow....
Scariest time to buy is often the best. Quick move back to ema seems highly likely before continuation. Plenty of reasons for Blockone to bring value to EOS before ETH 2.0 launches. Higher time frames look the most obvious.
-the price keeps respecting descending trendline of support
-but based on the left side history
-the next key support is located -20% down more
-which coincide with two key factors; the swing Low support & Fib 0.786
-I'll update the chart if every see reach the target area below
EOS/ETH is approaching a price level for the first time in over two years. The yellow shaded area in march/april 2018 represents the imbalance of supply and demand because demand exceeded supply in a big way - price rose from 0.008 all the way to the high of 0.034. The chart tells me there are more buy orders than sell orders at that price level.