Based on our previous idea, EOS went higher and broke above both upside targets. However, EOS/USD found the resistance at 227.2% Fibonacci retracement applied to the corrective wave after the breakout of the descending channel.
The Fibonacci has been clearly rejected at $2.08 and now price needs to break above in order to show more upside potential. The interesting fact is that after rejecting the support a very small correction took place, from $2.08 down to $1.75, which suggests that the uptrend is likely to continue.
The target could be any of the Fibonacci retracement levels, $2.6, $3.1 or $3.6. But only one of those resistance levels corresponds with the 61.8% Fibonacci retracement levels applied to the EOS all-time high. This level is $3.6 and that's where EOS might stop.
Keep in mind that break and close above the $2.08 is required in order for the uptrend to continue, only then chanced for another 75% growth will become high.
Previous Idea:
The Fibonacci has been clearly rejected at $2.08 and now price needs to break above in order to show more upside potential. The interesting fact is that after rejecting the support a very small correction took place, from $2.08 down to $1.75, which suggests that the uptrend is likely to continue.
The target could be any of the Fibonacci retracement levels, $2.6, $3.1 or $3.6. But only one of those resistance levels corresponds with the 61.8% Fibonacci retracement levels applied to the EOS all-time high. This level is $3.6 and that's where EOS might stop.
Keep in mind that break and close above the $2.08 is required in order for the uptrend to continue, only then chanced for another 75% growth will become high.
Previous Idea:
Nota
The rally is about to start? Very likely... today EOS rejected our previous upside target, but it acted as support this time Nota
close to final targetDagangan ditutup: sasaran tercapai
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.