After seeing some strong gains early April, EOS has formed a bullish triangle for us to trade. Seeing that EOS failed to close above the $7 resistance for the fourth time, I'm expecting EOS to fall down towards the support of the triangle.
Assuming the triangle will hold, the price will bounce off the lower support and shoot up. We've seen a similar pattern occur with XRP yesterday:
Also, I've got another trade running on EOS. The signal below is more a long term trade which could take several months, whereas the current trade's targets are much closer. Think about $8-$9.
Assuming the triangle will hold, the price will bounce off the lower support and shoot up. We've seen a similar pattern occur with XRP yesterday:
Also, I've got another trade running on EOS. The signal below is more a long term trade which could take several months, whereas the current trade's targets are much closer. Think about $8-$9.
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