EOS and the entire crypto market has been going through a much needed, and anticipated retracement.
Currently I see multiple coins forming a very similar formation after bouncing from their respective support lines.
In this case EOS found support near the $3.50 - $4.00 in which I am calling the bottom of the 2 to begin wave 3 into the $16.00 zone (this is the bullish case)
The bearish case is that we are still in B wave correction still heading near the $8.50 - $9.00 mark but with a smack back down from that point to lower than $3.00
The chart above shows a more zoomed in picture of what is currently happening.
I don't want to see the price drop below the $5.5 price point, it should be maintaining volume, bullish support, and rip through the top resistance line to continue the leg up.
**Disclaimer - not financial advice, please trade with caution and DYOR.
Any insight is very much appreciated.
Currently I see multiple coins forming a very similar formation after bouncing from their respective support lines.
In this case EOS found support near the $3.50 - $4.00 in which I am calling the bottom of the 2 to begin wave 3 into the $16.00 zone (this is the bullish case)
The bearish case is that we are still in B wave correction still heading near the $8.50 - $9.00 mark but with a smack back down from that point to lower than $3.00
The chart above shows a more zoomed in picture of what is currently happening.
I don't want to see the price drop below the $5.5 price point, it should be maintaining volume, bullish support, and rip through the top resistance line to continue the leg up.
**Disclaimer - not financial advice, please trade with caution and DYOR.
Any insight is very much appreciated.
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.