Hello,
We still see an opportunity for long term investors to buy this crypto pair at the current price. The EOSUSD is currently forming a reversal channel and showing signs that we might be setting up for an uptrend in the near future.
The MACD indicator is closing on the zero bullish crossover further reinforcing our view. Buyers can have their stop loss below the channel & target one around USD 195. This gives a potential return of over 1000%.
We recommend a BUY on this pair for the medium to long term.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
We still see an opportunity for long term investors to buy this crypto pair at the current price. The EOSUSD is currently forming a reversal channel and showing signs that we might be setting up for an uptrend in the near future.
The MACD indicator is closing on the zero bullish crossover further reinforcing our view. Buyers can have their stop loss below the channel & target one around USD 195. This gives a potential return of over 1000%.
We recommend a BUY on this pair for the medium to long term.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Free stock markets analysis Telegram channel:
t.me/stocksfromtechnicaleye
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patreon.com/thesharkke
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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.
Free stock markets analysis Telegram channel:
t.me/stocksfromtechnicaleye
Paid trading group
patreon.com/thesharkke
Reliable broker
go.tradenation.com/visit/?bta=37130&brand=tradenation
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.