EOS-4h. Buyers have changed the situation. The next target $5.
The difficult period that lasted on the EOS market from December 24 is over. Buyers were unable to take control of the $2.6-2.7 range.
Weakness of buyers was especially noticeable on December 30. In the previous idea, we assumed a short-term drop to the mark of $2.36 to check the presence of a big buyer.
However, as it turned out, the range of $2.6-2.7 was attractive enough to increase its long position in it.
Taking this range under the control of buyers completely changes the picture in the EOS market.
Now the price is moving in the consolidation channel, breaking which will give rise to a powerful wave of growth with the ultimate target of $5. Globally, above $3 is the global trend line, which restrained the price of EOS from May 28, 2018.
Breaking this line will create euphoria similar to ETH.
Given that EOS is in the top 10 in terms of trading among cryptocurrencies - investors will support growth. The main goal of buyers is to strengthen above $3.
_________________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
Weakness of buyers was especially noticeable on December 30. In the previous idea, we assumed a short-term drop to the mark of $2.36 to check the presence of a big buyer.
However, as it turned out, the range of $2.6-2.7 was attractive enough to increase its long position in it.
Taking this range under the control of buyers completely changes the picture in the EOS market.
Now the price is moving in the consolidation channel, breaking which will give rise to a powerful wave of growth with the ultimate target of $5. Globally, above $3 is the global trend line, which restrained the price of EOS from May 28, 2018.
Breaking this line will create euphoria similar to ETH.
Given that EOS is in the top 10 in terms of trading among cryptocurrencies - investors will support growth. The main goal of buyers is to strengthen above $3.
_________________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
🎁 -20% on ALL trading fees OKX
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
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.