Chat with us, powered by LiveChat

Please, repeat: EOS takes leadership in China again

Nov 1, 2019

Since our last EOS/USDT pair analysis, the price has definitely reached our target and exited the descending wedge.

The reason for such a sharp rebound was the news that EOS took a leading position in China, leading the Chinese Cryptocurrency Project Rankings.

We can see a formed double bottom figure at the daily chart, which means a reversal pattern.

It is very important to fix above the MA200 level now, where is a price now – 3.2528. If the price goes below 3.0400, you can open short positions safely for this asset (previously set a conditional sell order). 

Nevertheless, we hope that the price will go higher, up to the 4 USDT level, since technical indicators aren’t overheated yet and the price is most likely to be able to continue its upward local trend easily.

Recents posts

TRX doesn’t suffer from market fluctuations
No panic for now: correction is still on
The week started with a fall
Load more