Couple of weeks ago, EOS/BTC made a new all time low. Since then, EOS / BTC has been steadily climbing day by day. Since the last few days this pair has been getting more bullish momentum: gains ahead!
Few important things about this pair:
- EOS is currently one of the big alts who is lagging behind the rest, giving it more upside compared to alts which have already seen strong gains lately.
- The daily candles are still relatively small. Usually the green candles are starting off as small and getting bigger later. We might catch a strong move upwards soon.
On the chart, I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence.
Happy trading!