EOS - Hang on to your hats (and your bags)
EOS has definitely been a crypto laggard and has been caught up in some of the Ripple swirl (correct or not). There is some development on it but really it is an older layer 1 solution.
If the chart pattern really gets going in a big way, this thing might just rocket. First stop $7.50, next stop $15, then ATH test around $22.50. Looking to sell around $20, though if it gets there I suspect this might just work on completing the base of its larger move towards $100.
Maybe there will be a gaming or casino use case in near future to fuel the narrative. Or a BTC and ETH pause where people fomo into cryptos that are not over extended. Anything can happen. Or, simply TA traders will recognize this as bullish if it does not poop the bed down to VPVR support at 2.61.
That is a highly possible scenario though, as it will not escape weakness in the broader crypto market, it just appears to have less room to fall than the other high-fliers.
STOPS at $3.00.
TARGETS at $20-100
If the chart pattern really gets going in a big way, this thing might just rocket. First stop $7.50, next stop $15, then ATH test around $22.50. Looking to sell around $20, though if it gets there I suspect this might just work on completing the base of its larger move towards $100.
Maybe there will be a gaming or casino use case in near future to fuel the narrative. Or a BTC and ETH pause where people fomo into cryptos that are not over extended. Anything can happen. Or, simply TA traders will recognize this as bullish if it does not poop the bed down to VPVR support at 2.61.
That is a highly possible scenario though, as it will not escape weakness in the broader crypto market, it just appears to have less room to fall than the other high-fliers.
STOPS at $3.00.
TARGETS at $20-100
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