🔥 EOS Long-Term Analysis: Extreme Weakness
EOS has been one of the weakest cryptos of the current cycle. Where many tokens from the previous generation saw some decent gains, EOS saw "just" +700% gains and is currently giving everything back to the market. For instance, we're trading close to the lows of the corona capitulation event.
Recent price action has been overly bearish, where the general market has been trading either neutral or slightly bearish. Investors are simply dumping their EOS and exchanging it for other (better) coins.
The only area I'd be interested again in EOS would be in the bottom support area, ideally below $1,50. Chances are that we could see a decent bounce from there.
Happy trading!
Recent price action has been overly bearish, where the general market has been trading either neutral or slightly bearish. Investors are simply dumping their EOS and exchanging it for other (better) coins.
The only area I'd be interested again in EOS would be in the bottom support area, ideally below $1,50. Chances are that we could see a decent bounce from there.
Happy trading!
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.