Largo
Weekly preview for EOS
Since its previous all time high, EOS has formed an ascending channel with an inner ABCDE-pattern. Since Bitcoin is in a somewhat bullish mood which causes people to turn into Bitcoin instead of alts, we may see a follow up from alts when Bitcoin cools down a bit.
You can use the Fibonacci levels as possible resistance and support levels, besides general trend line support/resistance. Let's see which side of this channel EOS eventually breaks (long term).
You can use the Fibonacci levels as possible resistance and support levels, besides general trend line support/resistance. Let's see which side of this channel EOS eventually breaks (long term).
Nota
Totally forgot to include the weekly stochastic RSI. As you can see, we had a bullish crossover which could initiate EOS' move to point D in the chart above.
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.