EOS/USDT Break the Resistance Level, Bullish Momentum ???
Yello Paradisers, Interesting Coin! #EOS
💎 EOS has breached the resistance level on a shorter timeframe. Observing the indicators, EOS appears to be significantly oversold on the weekly chart, hinting at a potential upward trajectory towards the supply zone.
💎 Another positive sign is that the target for the Bearish Flag has been met, suggesting the start of accumulation and a likely upward shift for EOS.
💎 On closer inspection of the key support zone, EOS seems to be forming a Double Bottom pattern. The key resistance zone acts as the neckline for this pattern. This resistance is crucial; if EOS surpasses it, there's a clear path to the Bearish OB zone, possibly even reaching the robust supply area.
💎 This analysis would be nullified if EOS breaks below the key support zone and closes there on a daily basis.
💎 EOS has breached the resistance level on a shorter timeframe. Observing the indicators, EOS appears to be significantly oversold on the weekly chart, hinting at a potential upward trajectory towards the supply zone.
💎 Another positive sign is that the target for the Bearish Flag has been met, suggesting the start of accumulation and a likely upward shift for EOS.
💎 On closer inspection of the key support zone, EOS seems to be forming a Double Bottom pattern. The key resistance zone acts as the neckline for this pattern. This resistance is crucial; if EOS surpasses it, there's a clear path to the Bearish OB zone, possibly even reaching the robust supply area.
💎 This analysis would be nullified if EOS breaks below the key support zone and closes there on a daily basis.
Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
JOIN FREE👉 t.me/+IaNzEzXsdiBlNDg0
🎖️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/+IaNzEzXsdiBlNDg0
🎖️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.