After EOS breaks $ 2.7, the price moves in the channel, which I marked with two black lines. Today we will talk about the bottom trend line. For 2 times it was a strong support when sellers tried to squeeze the price down. After price tested this line the strong movement up begin.
Also in the black trend line there is a strong price zone 5.7-6.1, which will be a great place to turn EOS.
After the test of this price zone, consolidation should take place, to gain a position of big money. Critical points for growth will be:
1) Blue trend line;
2) The price zone is 8.8-9 $.
The global target will be $ 18$. Then we need to look at the volumes. This will be an entirely different idea.
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Also in the black trend line there is a strong price zone 5.7-6.1, which will be a great place to turn EOS.
After the test of this price zone, consolidation should take place, to gain a position of big money. Critical points for growth will be:
1) Blue trend line;
2) The price zone is 8.8-9 $.
The global target will be $ 18$. Then we need to look at the volumes. This will be an entirely different idea.
_____________
If you like my idea follow me! Your follow my pleasure)
Nota
A powerful movement down led the eos into a bay zone. We have tested the global black trend line. This price zone (5.8-6) EOS should hold if it is still planning to grow. If eos does not retain this zone - I will not consider it in the near future.I entered in EOS for 5.91.It is important to place a stop order below 5.6.
Nota
EOS...after punching 6.9-7 $ people started panicking in selling eos. in the price zone of 4.9-5 $ studs formed on which a good horizontal volume is concentrated. The majority of traders carry out operations on this zone, creating a consolidation of $ 5 to $ 5.1. Consolidation of $ 4.9-5 gives a better chance of rebounding up for a test of $ 5.5-5.6. If sellers keep this zone - I will watch how the price will come to the price zone of 4.9-5 $ and whether buyers can keep it. Now the consolidation is on the raised volumes. We can assume that buyers are entering a position. If buyers will break and hold $ 5.5-5.6 - I'll look for this coin in long
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