Since its bounce from the major support zone and overcoming the first resistance, the price of EOS is getting to the downtrend line. We will need to see some power by the bulls but judging by the sentiment, we have a good chance of overcoming it and making a pump above it.
my target is around $3 which makes a 10% return on the short-term.
The support level (2.3681) has shown its strength for weeks on BINANCE:EOSUSDT and now we are closing to that price level. The best prediction is that we can place our long position after the price bounced back from that level and place our TP at the Resistance level (3.05797).
The second Trade opportunity would be when the price level break the resistance level...
a very bullish wave for EOS
the first wave is leading diagonal which only appear at the beginning of an (impulse wave )
now we are looking for the third wave which is the biggest one
TARGET 1 : 4.5$
TARGET 2 : 6$
STOP LOSS IF U WANT : 1.29$
Updated View On Crypto EOSUSD (24 Sept 2020)
EOS is in the Bear markets for quite sometimes but there may be some bottoming signs near $1.5-$2 region.
It is better to wait it out for the proper price action before you entering the trade.
We will monitor the development closely.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press...
Something about C.R.E.A.M. I think it is a mistake to long this. Current market conditions are very choppy too.
EOS blockchain got bogged down during their own airdrop in 2019
EOS Voice is not on EOS because the EOS blockchain cannot handle it
Hello every one how U doing??
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Well I was checking on EOS today and Realized that EOS is facing it lowest price and some how this is a good time for long !!
HOW ?? LET ME EXPLAIN :
EOS lowest price in past year was 1.5$ which was in cause of Corona...
I have been watching EOS since it was forming an interesting bearish triangle pattern.
At my surprise it broke out to the upside with a really huge candle, indeed this kind of pattern is usually bearish.
The correction that followed the move is a good thing for buyers, they can see if the upper side of the triangle that acted as resistance can now become support,...
Now even the FBI is making it harder for EOS to get out of this annoying zone. At some point EOS will recover and return to a strong uptrend, the question is when. It seems we will get at least one more week of sideways before we go up. It also really depends on BTC right now.