Since this past Saturday, EOS has been in the green, blasting off by 56 percent before coming under resistance at the 0.236 Fibonacci level.
Considering the stochastic RSI and the resistance levels above, EOS looks to be quickly losing steam. After some cooling off, EOS should be ready to smash through the $3 resistance to test the 0.382 or 0.5 Fibonacci level just under the descending resistance (diagonal pink).
Traders should be cautious with entering positions after a 56 percent pump. A long position may be considered after confirmation of correction, depending on each individual's risk allowance and trading strategy.
Read the entire analysis @ BeInCrypto: beincrypto.com/eos-c...steals-fourth-place/
Considering the stochastic RSI and the resistance levels above, EOS looks to be quickly losing steam. After some cooling off, EOS should be ready to smash through the $3 resistance to test the 0.382 or 0.5 Fibonacci level just under the descending resistance (diagonal pink).
Traders should be cautious with entering positions after a 56 percent pump. A long position may be considered after confirmation of correction, depending on each individual's risk allowance and trading strategy.
Read the entire analysis @ BeInCrypto: beincrypto.com/eos-c...steals-fourth-place/
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