EOS / TetherUS
Long

TradeCityPro | EOS Retraces Gains: Key Levels to Watch Now

739
👋 Welcome to TradeCity Pro!
In this analysis, I’m going to review the EOS coin for you. This is one of the American-based projects operating in the Web3 space, currently ranked 63 on CoinMarketCap with a market cap of $970 million.

⌛️ 4-Hour Timeframe
On the 4-hour timeframe, as you can see, the price formed a bullish move after breaking through the 0.5997 level, which continued up to the 0.8604 zone before entering a correction phase.

🔍 After being rejected from the 0.8604 top, the price experienced a significant decline and has now returned to the 0.5997 level, fully retracing all of its previous bullish waves.

📈 For a long position, you can enter on a breakout above 0.6338. If the price stabilizes above this zone, it could move upward toward the 0.8064 level.

🔽 For a short position, you can enter if 0.5997 is broken, and the next bearish leg could potentially extend to 0.5433.

📝 Final Thoughts

This analysis reflects our opinions and is not financial advice.

Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️

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.