Hello and welcome to my analysis
Today I will discuss about my bullish scenario on $EOS,
Feel free to leave a comment and share your own ideas with me or recommend some other coins to me and i will analyze it for you.
Okay, so I tried my best to show every information on the chart for you:
As you can see $EOS was experiencing a bear market for over 992 days
But market structure changed as we broke above $5.6 ( POB )
Since then we had a good bullrun and we managed to reach and test the 0.618 fibonacci level.
What happened next is a complex pullback to my eyes, NOT ANOTHER BEAR MARKET.
We successfully defended the crucial support around $3 - $3.5 and as long as we stay above that area, WE ARE NEUTRAL.
The next bullrun starts whenever we break and fix above $7.5 and I am aiming these prices as my targets:
$8.1
$14.1
$23
So IMHO, it is worth to hold some $EOS for the next year or two.
Stay safe in the market
Please don’t forget to like and maybe follow my page here
All the bests, Cryptosep ;)
Today I will discuss about my bullish scenario on $EOS,
Feel free to leave a comment and share your own ideas with me or recommend some other coins to me and i will analyze it for you.
Okay, so I tried my best to show every information on the chart for you:
As you can see $EOS was experiencing a bear market for over 992 days
But market structure changed as we broke above $5.6 ( POB )
Since then we had a good bullrun and we managed to reach and test the 0.618 fibonacci level.
What happened next is a complex pullback to my eyes, NOT ANOTHER BEAR MARKET.
We successfully defended the crucial support around $3 - $3.5 and as long as we stay above that area, WE ARE NEUTRAL.
The next bullrun starts whenever we break and fix above $7.5 and I am aiming these prices as my targets:
$8.1
$14.1
$23
So IMHO, it is worth to hold some $EOS for the next year or two.
Stay safe in the market
Please don’t forget to like and maybe follow my page here
All the bests, Cryptosep ;)