EOS - Short and Mid term Trade setup and my thoughts about it!
Updated
Hello!
EOS had a very nice run of almost 400% (!!!) profit back in April. It faced correction phase after top was reached. Corrected all the way down to 0.5 fib support which happen to be at the long term uptrend support line!
EOS found some good support at that zone and since than is is in nice and steady uptrend. Currently it is fighting with 0.238 fib resistance (19800sat). Once this is broken, I believe it will use same level as a very strong support.
Targets for mid term: 21500-24000 satoshi.
Short term lookup: formed nice uptrend channel, currenlty in small correction phase (was rejected at the top of the channel). If you want play EOS short term, i suggest you use 18750-18500 as your buy zone, sell at 19357 as first target and 19600 as second target.
EOS is very strong coin and I think it has a lot of potential in the future! Very good hold for mid term.
I will be updating EOS trade in our Telegram group and on Twitter. Stay tuned and feel free to join! ^^
Join our new telegram group for Crypto discussion, we are willing to help with everything crypto related. Doing TA for any requested coins, posting detailed TA and signals, learning other members about TA!
Telegram: t.me/CherokeeTraders
Twitter: twitter.com/CherokeeTrades
EOS had a very nice run of almost 400% (!!!) profit back in April. It faced correction phase after top was reached. Corrected all the way down to 0.5 fib support which happen to be at the long term uptrend support line!
EOS found some good support at that zone and since than is is in nice and steady uptrend. Currently it is fighting with 0.238 fib resistance (19800sat). Once this is broken, I believe it will use same level as a very strong support.
Targets for mid term: 21500-24000 satoshi.
Short term lookup: formed nice uptrend channel, currenlty in small correction phase (was rejected at the top of the channel). If you want play EOS short term, i suggest you use 18750-18500 as your buy zone, sell at 19357 as first target and 19600 as second target.
EOS is very strong coin and I think it has a lot of potential in the future! Very good hold for mid term.
I will be updating EOS trade in our Telegram group and on Twitter. Stay tuned and feel free to join! ^^
Join our new telegram group for Crypto discussion, we are willing to help with everything crypto related. Doing TA for any requested coins, posting detailed TA and signals, learning other members about TA!
Telegram: t.me/CherokeeTraders
Twitter: twitter.com/CherokeeTrades
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