EOS / TetherUSLong
#EOS Ready for a Bullish Reversal | Key Levels to Watch
Yello Paradisers! Is #EOS gearing up for a massive breakout, or is there another trap ahead? This #EOSUSD setup demands your full attention:
💎#EOSUSDT is forming a textbook falling wedge pattern, a bullish reversal structure that often precedes explosive moves. The price is currently squeezing inside this pattern, facing strong descending resistance, while the descending support has been holding steady.
💎For a bullish breakout, #EOSUSD must break above the descending resistance. If this happens, expect a sharp rally toward the $0.80 level, followed by a potential surge into the strong resistance zone around $1.40. Bullish divergence spotted on the RSI and MACD suggests that momentum is shifting. This could be the early signal of a breakout, but confirmation is crucial! Without a clean breakout, #EOS remains at risk of further consolidation or a fakeout.
💎The major support zone sits at $0.573 because the bulls have stepped here to defend this level. However, if it fails, the last line of defense is at the $0.402 strong support level. As long as support holds, buyers have a chance to push #EOS higher.
💎If the support at $0.4023 fails, the bearish scenario could unfold, driving EOS into a deeper correction phase. The structure remains intact for now, but a breakdown would trigger further downside risk.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
💎#EOSUSDT is forming a textbook falling wedge pattern, a bullish reversal structure that often precedes explosive moves. The price is currently squeezing inside this pattern, facing strong descending resistance, while the descending support has been holding steady.
💎For a bullish breakout, #EOSUSD must break above the descending resistance. If this happens, expect a sharp rally toward the $0.80 level, followed by a potential surge into the strong resistance zone around $1.40. Bullish divergence spotted on the RSI and MACD suggests that momentum is shifting. This could be the early signal of a breakout, but confirmation is crucial! Without a clean breakout, #EOS remains at risk of further consolidation or a fakeout.
💎The major support zone sits at $0.573 because the bulls have stepped here to defend this level. However, if it fails, the last line of defense is at the $0.402 strong support level. As long as support holds, buyers have a chance to push #EOS higher.
💎If the support at $0.4023 fails, the bearish scenario could unfold, driving EOS into a deeper correction phase. The structure remains intact for now, but a breakdown would trigger further downside risk.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
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Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
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.