Looking at our trend timeframe we see price has formed a lower high 140000 and is now making it’s way towards 80000. EOS is currently testing our trendline, a weekly close below this level and we should see a drop to 60000.
Shifting over to our pattern timeframe we see EOS is at a critical point, momentum remains in favor of bears. Last time we were at this price we saw a radical push from 109000 up to 240000. Price is now looking to form a double bottom at this level, a hold here and we should see EOS run towards the top of our channel. A rejection from 120000 and expect a sell off to 60000.
Conclusion
Comment Down below what coin you want me to do next! ;)
Thank You for Your Support, Upvote and Follow!!! New Blog and Video everyday
Social Media:
Twitter
Instagram
InvestFeed
Tradingview
Crypto Trading W/ Leverage
How to Draw Trend-lines & Identify Trends
How to Draw Support/Resistance, Price Only
Disclaimer: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
