EOS/USDT it is required break the resistance for continue upward

๐ Paradisers, the recent market dynamics surrounding #EOS have indeed been noteworthy.
๐ EOS experienced a false break on the lower time frame (LTF), indicating the potential for a revisit to the Bullish OB area to gather momentum for another attempt at breaking the resistance.
๐ A successful bounce from the OB area and subsequent breakout of the resistance could signal bullish momentum, leading to continued upward movement.
๐ Reaching the supply area would require another breakout, potentially propelling EOS towards our target strong resistance.
๐ However, if EOS fails to bounce upon testing the Bullish OB area or even breaks below it, there's a chance of revisiting the major support area. EOS has previously bounced from this area three times, often indicated by wicks, suggesting strong buying interest at that level.
๐ Bullish Invalidation would occur if EOS fails to sustain its price above the major support area, resulting in a candle close below it. This would signify bearish sentiment and could lead to further downward movement.
MyCryptoParadise
iFeel the success๐ด
๐ EOS experienced a false break on the lower time frame (LTF), indicating the potential for a revisit to the Bullish OB area to gather momentum for another attempt at breaking the resistance.
๐ A successful bounce from the OB area and subsequent breakout of the resistance could signal bullish momentum, leading to continued upward movement.
๐ Reaching the supply area would require another breakout, potentially propelling EOS towards our target strong resistance.
๐ However, if EOS fails to bounce upon testing the Bullish OB area or even breaks below it, there's a chance of revisiting the major support area. EOS has previously bounced from this area three times, often indicated by wicks, suggesting strong buying interest at that level.
๐ Bullish Invalidation would occur if EOS fails to sustain its price above the major support area, resulting in a candle close below it. This would signify bearish sentiment and could lead to further downward movement.
MyCryptoParadise
iFeel the success๐ด
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Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE๐ t.me/+QwK2mkoTGBU0Nzc0
๐๏ธOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals ๐ shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE๐ t.me/+QwK2mkoTGBU0Nzc0
๐๏ธOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals ๐ shorturl.at/ikpAV
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.