EOS/USD Secondary trend.

Updated

Secondary trend. Logarithmic graph. Time frame 3 days. Reversal zone.

Mirror resistance zone (former long-term support). There may be a significant rollback from it, or at least a stop and consolidation in this zone, provided that the secondary downtrend (price movement direction) is broken (purple line).

From the highs of this secondary trend, the price fell by exactly -93% to the level of 0.93. An interesting coincidence, isn't it?

Coinmarketcap: EOS

The same parameters, but on a line chart.

EOS/USD Main trend

EOS/USD Main trend. Channel

Note

Local work. Reversal zone. %

Local trend. Logarithmic graph. Time frame 1 day. Reversal zone. Percentage of key zones.

Mirrored resistance zones are shown in grey. There may be a significant rollback from them, or at least a stop and consolidation in these zones. Trend lines (price movement directions) are shown on the chart, their importance and strength (long-term in time) are highlighted in the appropriate color.

From the highs of this secondary trend, the price fell by exactly -93% to the level of 0.93. At the moment, the price is entering the first resistance zone , which, in case of fixing in it, can become a "launching pad for a strong impulse (mirror structure).

Note

Price is still in a horizontal channel of 317 days with increments of 120%. The price is $1.1813 at the moment.

EOS Network Ventures gives $20 million to create Dapps and games on EOS blockchain

Note

Pay attention to this cryptocurrency. Showed local price movements from this zone of the horizontal channel. Remember, any price in the accumulation zone is acceptable. Before a local decline, the purchase seems expensive, but after a while in the distribution zone it seems very successful and cheap.

Note

Local reversal zone.
Important mirror resistance level (former support) marked in yellow color. Percentages from the reversal zone to key local support/resistance levels are shown for clarity and general picture.

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EOS/USD Main trend. Channel

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