Make out or Break out for EOS after retest
Updated
It goes without saying that rarely altcoins have true independence due to the strong correlation with the King of all Kings (Bitcoin), but once in a blue moon a coin tends to take on a trajectory of its own.
After breaking a major tops trendline EOS is currently sitting at the retest on that very same trendline. If the retest holds we should see a comfortable climb above $3.40 and towards $4 by November. What happens after will largely depend on the overall altcoins market, but EOS could lift off towards the 0.5 Fib level at $8 next March, if fundamentals are strong.
After breaking a major tops trendline EOS is currently sitting at the retest on that very same trendline. If the retest holds we should see a comfortable climb above $3.40 and towards $4 by November. What happens after will largely depend on the overall altcoins market, but EOS could lift off towards the 0.5 Fib level at $8 next March, if fundamentals are strong.
Trade closed: target reached
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