My short observation:
The Blue line, due to multiple supports, seem like a much more reliable trend line for EOS in its current uptrend for the last couple of weeks.
The red line could be validated if the price drops to its level - to do so, the price would have to fall further.
I doubt it might drop to red line though given how EOS has been going up strongly in the recent times.
The Fib retracements seem ok as the prices have moved/jumped at 0.5 and 0.382 levels.
After this month's Consensus 2018, like a lot of people, I am hopeful that things will be more bullish.
***This is my opinion only, not financial advice.**
**Currently I do not hold any EOS personally and this analysis should be taken as my idea and not shilling. ***
The Blue line, due to multiple supports, seem like a much more reliable trend line for EOS in its current uptrend for the last couple of weeks.
The red line could be validated if the price drops to its level - to do so, the price would have to fall further.
I doubt it might drop to red line though given how EOS has been going up strongly in the recent times.
The Fib retracements seem ok as the prices have moved/jumped at 0.5 and 0.382 levels.
After this month's Consensus 2018, like a lot of people, I am hopeful that things will be more bullish.
***This is my opinion only, not financial advice.**
**Currently I do not hold any EOS personally and this analysis should be taken as my idea and not shilling. ***
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.