EOS (EOS/USD) Shows Some Strabilty
EOS' is currently on the short-term consolidation mode. After the September rallies, where it made a new short-term higher highs, it has a slow down a little bit.
At the moment we could see that it is on the chart pattern called "Triangle" and the triangle tips is a bit far from us which indicates that we might see a small movement from EOS'.
Positive signs are: we still have a higher lows on the price structure and the current price is above the EMA's. This will show that it slowly start gaining some power to push trough the triangle and this breakout from the triangle is also our main focus.
To make a breakout we have to fight with the triangle trendline and with the Feb. low which works as a resistance but that's not all because after the breakout from the triangle comes the round number $6 and then the latest peak (lower high) will start to work as a strong resistance level. So, a pretty heavy levels above the EOS and to break through, firstly, BTC' has to make a breakout from the trendline.
If You are interested about latest cryptocurrency news, coin reviews and breaking stories from the world of blockchain then visit our website! (The LINK is on the profile)
Hopefully, this analysis helped You out a little bit to confirm your own analysis and if You appreciate what we do here then hit the LIKE button!
Best regards!
At the moment we could see that it is on the chart pattern called "Triangle" and the triangle tips is a bit far from us which indicates that we might see a small movement from EOS'.
Positive signs are: we still have a higher lows on the price structure and the current price is above the EMA's. This will show that it slowly start gaining some power to push trough the triangle and this breakout from the triangle is also our main focus.
To make a breakout we have to fight with the triangle trendline and with the Feb. low which works as a resistance but that's not all because after the breakout from the triangle comes the round number $6 and then the latest peak (lower high) will start to work as a strong resistance level. So, a pretty heavy levels above the EOS and to break through, firstly, BTC' has to make a breakout from the trendline.
If You are interested about latest cryptocurrency news, coin reviews and breaking stories from the world of blockchain then visit our website! (The LINK is on the profile)
Hopefully, this analysis helped You out a little bit to confirm your own analysis and if You appreciate what we do here then hit the LIKE button!
Best regards!
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