✴️ EOS Hits Lowest Price In 6 Years (Since 2017)EOS Peaked April 2018, hitting an All-Time High of $28. Ever since this date this pair has been dropping and recently a new All-Time Low has been hit.
After EOS was mentioned in the SECs lawsuit, its price crashed hard to hits lowest price since October 2017. The lowest price ever to the downside.
While new lows are being hit, the RSI has been printing higher lows for an entire year, a very strong bullish divergence.
This type of signal only shows up preceding a reversal, a change of trend.
It is very likely that EOS already hit bottom and is getting ready to move up, to change.
We have this bullish divergence signal and short-term other signals support this statement.
For a trader or new buyer this is a great setup, one can buy and hold long-term or buy with a tight stop-loss.
If prices drop some more, a long-term buyer/trader can accumulate on each drop. A short-term trader on the other hand, can quit the position until there is a confirmation of the change of trend.
The rest is just to wait and let the market take care of the rest.
This is not financial advice.
Remember to do your own research and plan before you trade.
Namaste.
