In my earlier idea on EOS I felt that the smal green in big red wave was going to bounce on the $ 2 support. Now that is has broken trough already, the next approaching double red line AND the current market situation...I feel we will most likely break trough the $ 1. After that there is no support. But On the bride side it could be a traders wet dream bouncing...
After a new currency was added to one of the major exchanges, a "high-flight-bubble" came on short-term.
After that, a phase of relaxation often follows. Here three ideas ...
Let's see what happens. Happy trading. :-)
The time frame of eos is very short. The analyzes are therefore very fragile. I see two possible trend channels just now (down red/green an up pink/purple). Point 1: Here could be a first up, if the resistance will break. Point 2: Here could be also an up later. For me 2 is more possible, because we should see 23.6 fibo bottom.
Let's see what happens. Happy trading. :-)
