EOS Descending Triangle and Support Zone Bounce/Fall Area
EOS had a strong push from when i first took notice @$9.26.
The hype on the coin was insane and it grew i think just a little too fast, but that is crypto.
On the TA we have here im sharing an idea of the possibility of a strong short term support level being broken. I have added a possible outcome for the better towards the $18 mark but the EMA readings are not giving much hope on the 1 Hour Graph.
Looking for a short term target within the next 24 hours of $16 if the supoprt level breaks with further falls towards $15 by Wednesday, this is of course always dependant on the BTC price which was not looking to strong with a pull back from the 10k mark.
If the prices holds the intersecting mark of the support and the descending triangle then i think we can look for a push to break the trend line its starting to create.
But is just a theory.
The hype on the coin was insane and it grew i think just a little too fast, but that is crypto.
On the TA we have here im sharing an idea of the possibility of a strong short term support level being broken. I have added a possible outcome for the better towards the $18 mark but the EMA readings are not giving much hope on the 1 Hour Graph.
Looking for a short term target within the next 24 hours of $16 if the supoprt level breaks with further falls towards $15 by Wednesday, this is of course always dependant on the BTC price which was not looking to strong with a pull back from the 10k mark.
If the prices holds the intersecting mark of the support and the descending triangle then i think we can look for a push to break the trend line its starting to create.
But is just a theory.
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