The EOSUSD makes a huge movement since the last three weeks. It has broken some of its resistance, however, looking at the chart, there is a similar look of the EOSUSD pair compared to the previous month when it reached the level of USD5.4898. It is an either make it or break it scenario. Moreover, we could see from the chart last time, as shown above, that there is something bearish that is about to start as it all ends on its correction line at the point when we can take time and hold the position.
However, EOS is still fighting for the new record high for this month, but it looks like the bear market is about to get started and the correction line is over. Yes, we can see that major cryptocurrencies this past days went bullish but on the other end as Bitcoin is starting to make its way back to the $5,000 level mark.
You could check Bitcoin chart as well for your preferences. We have put the resistance and support level on the chart for you to see what will be the next move of the pair. Many analysts are saying it should go up once more. It can be or it might be or not as we see a very similar scenario on the chart just by looking on it.
However, EOS is still fighting for the new record high for this month, but it looks like the bear market is about to get started and the correction line is over. Yes, we can see that major cryptocurrencies this past days went bullish but on the other end as Bitcoin is starting to make its way back to the $5,000 level mark.
You could check Bitcoin chart as well for your preferences. We have put the resistance and support level on the chart for you to see what will be the next move of the pair. Many analysts are saying it should go up once more. It can be or it might be or not as we see a very similar scenario on the chart just by looking on it.