EOS going beyond $5
Updated
All right, we can see that the price managed to break the resistance of the up channel yesterday which started around $3. Bulls pushed the price above $5 mark yesterday and then we witnessed a correction to 4.60 due to a profit-taking interest among the traders. Buyers reloaded at 4.60 and we can see that EOS is forming a good support at $4.80 now (which was the top of the channel before).
Note
it's a good idea to take some profit around 6.50 mark where is 23.6 Fib Retracement on bigger time frame. There traders might decide to cash out some profit and EOS might retrace to 5$ before another move to the upside.
Related publications
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.