EOS Breakout! $16
Base on my last analysis of EOSUSD, we're seeing a positive price action today. EOS finally broke the resistance and breakout out!
EMA, MA bullish on the daily chart.
Target price to hit $13.80 and $16.00
Support level at $9 and if that breaks, at $7.
![EOS/USD Bouncing off support at $7. Target price $14 & $18 [BUY]](https://s3.tradingview.com/y/yA4pD7Rz_mid.png)
EMA, MA bullish on the daily chart.
Target price to hit $13.80 and $16.00
Support level at $9 and if that breaks, at $7.
Note
Reached target $13.8, currently at $14.84 at the time of writing. No signs of retracement. Very bullish. Target $16 very probable.Note
Target of $16 reached. If this price momentum sustains, expect to reach $20-$25 region. If you zoom out on the above chart, I have set at $23 target price upon breakout.
Note
People are taking profit right after the announcement. EOS price are seeing a market retracement and we will see a new support level. Personally, it was underwhelming news for me. The annoucement of VC partner without naming who the VC is until 23rd leaves a lot of speculation. Expect another market movement like today close to 23rd.
ex-CEO of Bithumb joining Block.one (role undetermined) is a welcoming news. Need to determine what the role is. Good for the korean market.
Airdrops of IQ token for existing EOS token holder. reddit.com/r/eos/comments/7q3o2h/breaking_everipedias_iq_tokens_to_be_airdropped/
Trade closed: target reached
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.
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.