11.2.2021 - EOS (EOS / USD)Hi Traders!
It’s about trading pair EOS / USD. Personally, I still see EOS as one of the top cryptocurrencies, but it’s true that in recent months the team has relaxed them and several people have left the core. EOS has its ATH at around USD 24.00 and is currently traded at USD 4.00 so the growth potential is huge.
I perceive the fundament to be the biggest negative. Nothing fundamental is happening in the project and EOS is starting to lose sight of its competition. Another negative could be the fact that we have no information about any new collaborations (of course, something new and unexpected may come). On the other hand, these 2 points are probably responsible for EOS being so low.
As can be seen from the chart, this is one of the few coins that have space to grow calmly by as much as 900%. From the point of view of the chart, there is also currently an ideal opportunity to buy. Why? We see 3 cycles - decline, consolidation and growth should follow. For a long time, we were at the bottom of this structure, but a few days ago we crossed the trendline. The chart is not "up and running" yet, but if it does, it will be too late to buy.
I consider it a huge advantage that IOTA, NEO and ONT have had quite similar charts recently, and they are currently pumping. Lastly, you need to realize that we are in the bull market and almost everything is growing. We have cryptocurrencies that have already undergone significant growth, but also those that may still be waiting for it. EOS is thus very interesting in terms of growth and we will see how the situation develops.
This trade needs to be perceived in the horizon of 2-3 months, as EOS has not yet started to grow and it may take a while. However, once that happens, growth is likely to be very fast and it will be too late to hit the ideal level to buy. Targets are placed on strategic resistances. EOS is thus one of the few coins that have the best in this bull run yet and it is only a matter of time before other traders notice it.
May the crypto be with you!
