EOS dead? What do you think about this?
The daily chart shows that the price of EOS has made a strong comeback in recent months. It has now moved above the 38.2% Fibonacci Retracement level. It has also moved above the 50- and 100-day moving averages, which have formed a bullish crossover pattern.
The price of EOS also invalidates the double-top pattern at $0.8778. In most cases, the double-top pattern is one of the most bearish signals in the market. Therefore, my base case is where the coin rises and reaches the key resistance at $1.02, which is the 61.8% retracement point. This price is approximately 17.68% above current levels.
The price of EOS also invalidates the double-top pattern at $0.8778. In most cases, the double-top pattern is one of the most bearish signals in the market. Therefore, my base case is where the coin rises and reaches the key resistance at $1.02, which is the 61.8% retracement point. This price is approximately 17.68% above current levels.
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