Eos(EOS): Has Massive Drop - Might See More?
We are back with EOS, where we had a major drop for this coin, resulting in almost a 50% dump for the coin.
Now we are looking for prices hovering near the local supportive zone at $0.73, which will determine the next major movement.
If we manage to hold this zone, then we will see a good re-test of upper resistance and EMAs, while if we see a breakdown, then movement towards the liquidity zone will be most reasonable!
Swallow Team
Now we are looking for prices hovering near the local supportive zone at $0.73, which will determine the next major movement.
If we manage to hold this zone, then we will see a good re-test of upper resistance and EMAs, while if we see a breakdown, then movement towards the liquidity zone will be most reasonable!
Swallow Team
Comment:
Eos has done an amazing movement after finding that supportive zone and securing it.
Price had a 20% movement to the upper resistance zone (near EMAs) and then another 20% movement back to the lower zones (just as we noted).
Price had a 20% movement to the upper resistance zone (near EMAs) and then another 20% movement back to the lower zones (just as we noted).
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As soon as we get a nice breakdown (confirmation), we will be looking for a price movement towards that zone of liquidity.