Around a week ago I made an analysis on EOS. I argued that this gradual move upward will inevitably lead to a strong volatile move upward.
As seen on the chart, EOS saw a rather big move upward as of late, bursting through the two areas of resistance I marked on the last chart.
Looking at EOS now, the $5.4 support is currently the main support which has to hold. Might very well be the case for EOS to touch $5.4 again before moving up again.
First major area of resistance is the area ranging from $6.8 to $7.4, which can be reached in the coming week as long as BTC remains relatively bullish.
Happy trading!
As seen on the chart, EOS saw a rather big move upward as of late, bursting through the two areas of resistance I marked on the last chart.
Looking at EOS now, the $5.4 support is currently the main support which has to hold. Might very well be the case for EOS to touch $5.4 again before moving up again.
First major area of resistance is the area ranging from $6.8 to $7.4, which can be reached in the coming week as long as BTC remains relatively bullish.
Happy trading!
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