Currently I believe that EOS will keep going down until it passes the purple trend line (in purple).
It seems to be falling between the the trend lines that started in the max value of EOS and founa a max peak in May 20 (purple) and in May 10 (wine).
It may find support around the value of 0.00152, but if it keep falling it should find a solid support around 0.00145. Keep updated tomorrow night to see if the bears or the bulls will dictade the next short trend.
If a really strong bearish trend stars and it reaches the lower support I believe that EOS will have a hard time to reach the value of 0.0020 BTC before the mainnet lauch with a ton of resistance levels in the way.
It seems to be falling between the the trend lines that started in the max value of EOS and founa a max peak in May 20 (purple) and in May 10 (wine).
It may find support around the value of 0.00152, but if it keep falling it should find a solid support around 0.00145. Keep updated tomorrow night to see if the bears or the bulls will dictade the next short trend.
If a really strong bearish trend stars and it reaches the lower support I believe that EOS will have a hard time to reach the value of 0.0020 BTC before the mainnet lauch with a ton of resistance levels in the way.
Note
We just hit the lower resistance of 0.00145, let's keep an eye open to see if it will continue falling to the lower supportNote
Right now this chart is giving my so many mixed feelings...1st -It appears that the RSI is ready to go up
2nd - The MACD kinda performed like I thought it would
3rd - It appears that the price is trying to break the first resistance (wine colored trend line), but the bars are also so scatered...
Please, share with me your thoughts!
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.