EOS - 4h. We expect the price to rebound by 26% upwards

5 mar 2021

Patience, faith and passive defense. It is these three concepts that perfectly characterize EOS buyers. Over the past two weeks, the EOS market has had a difficult time. On February 22-23, the price of EOS fell by almost 40%. This event took place after an unsuccessful attempt by buyers to update the local maximum on February 19. In the previous idea, we expected such a scenario.
Sellers have carefully made sure that buyers will no longer have the strength to continue the trend. You can see it on the chart on February 20 and 21:

As you can see, only after 3 unsuccessful attempts by buyers to prolong growth, sellers became more active.

The current wave of decline is coming to an end. The falling momentum has moved to consolidation and now there is a high probability of a rebound in the price of EOS by 26%. The first local critical point is $3.92. The global goal of this idea is in the range of $4.4-4.5. Two scenarios are possible from this range. Therefore, after reaching the EOS price of this mark, we will create a new idea.
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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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14 mar 2021

Trade chiuso: obiettivo raggiunto