As I expected in the first analysis for EOS ,it was be able to exactly hit the TPs according to my prediction ๐ฏ more than 500 % profit๐ฐ
But in the second one it couldn't grow up as I expected and after reaching the first resistance according to market situation, bears pulled it back to lower support area (100 % profit๐ฐ )
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๐Technical
And as you can see on WEEKLY timeframe it wasn't be able to record a now ATH in the past rally, and went down by more than 87% of last bullish leg till now , it seems EOS tend to decrease more rather than any increase , anyway it has lost the the most important zone of pivot , and what's obvious right now is than when it is below this zone it can fall more even to black trend lines , but in order to have any bullish rally it needs to breakout the descending trend line and then the pivot zone , also be accompanied with a bullish trend of all crypto market
๐resistance level: $6.3 - $6.6 /// $10.3-11$/// white trend line
๐pivot zone: $2.8 - 3.33 $
โ๏ธsupport levels: $1.64 , $1.353, $1.115 /// black trend line
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๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're a fan of my analyses PLZ follow me and give a big thumbs ๐ OR drop comment ๐ฏ๐ญ
But in the second one it couldn't grow up as I expected and after reaching the first resistance according to market situation, bears pulled it back to lower support area (100 % profit๐ฐ )
-------------------------------------------------------------------------------------------------------------------
๐Technical
And as you can see on WEEKLY timeframe it wasn't be able to record a now ATH in the past rally, and went down by more than 87% of last bullish leg till now , it seems EOS tend to decrease more rather than any increase , anyway it has lost the the most important zone of pivot , and what's obvious right now is than when it is below this zone it can fall more even to black trend lines , but in order to have any bullish rally it needs to breakout the descending trend line and then the pivot zone , also be accompanied with a bullish trend of all crypto market
๐resistance level: $6.3 - $6.6 /// $10.3-11$/// white trend line
๐pivot zone: $2.8 - 3.33 $
โ๏ธsupport levels: $1.64 , $1.353, $1.115 /// black trend line
--------------------------------------------------------------------------------------------------------------------
๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're a fan of my analyses PLZ follow me and give a big thumbs ๐ OR drop comment ๐ฏ๐ญ
