EOS Fractal idea
Depending on how bitcoin performs over the next couple of days, I expect EOS to follow for now. When BTC stabilizes EOS should be outperforming BTC based on EOS/BTC chart. Elongate has slightly damaged our upwards momentum but I feel we should be back on track within the coming weeks.
DYOR and pay close attention to BTC
- I expect EOS to hit $16 by next week if we have sufficient volume, this will be my first TP area
- If EOS goes above $16 then ATH is imminent
- If EOS bounces, current major support is the bottom of the channel around $10. Another major support is around $8.70-8.85 price range
DYOR and pay close attention to BTC
Note
Support at $8.70 has held. EOS expected to go back up from here
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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.