$EOS just following the upward trend versus $USD and just reached the resistance zone.
-Resistance level at $6.3 corresponds to previous recent high, also corresponds to a fib retracement level
Possible scenarios:
- Resistance does not hold, we will most likely go to the next restistance levels of $7 and $7.5
- Pullback at resistance and retest: same as above, this is the most likely scenario to me.
- Fails to break: in my view this would like really bad on the D chart and could take us back to the low $5
Please follow-me on twitter: twitter.com/Blockchain_rekt
Disclaimer:
-Trade a your own risks, this is not financial advise, just some observations on the markets.
-Those markets are very volatile be careful
-Resistance level at $6.3 corresponds to previous recent high, also corresponds to a fib retracement level
Possible scenarios:
- Resistance does not hold, we will most likely go to the next restistance levels of $7 and $7.5
- Pullback at resistance and retest: same as above, this is the most likely scenario to me.
- Fails to break: in my view this would like really bad on the D chart and could take us back to the low $5
Please follow-me on twitter: twitter.com/Blockchain_rekt
Disclaimer:
-Trade a your own risks, this is not financial advise, just some observations on the markets.
-Those markets are very volatile be careful
