Short
EOS/BTC downside paused
EOS/BTC dropped aggressively as expected and has reached the 61.8% retracement level. Price could increase a little and could reach the lower median line (lml) and the 50% line of the minor descending pitchfork. The perspective will remain bearish as long as the rate stays below these lines. The next significant downside target will be at the 50% Fibonacci line of the major ascending pitchfork.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.