I see two possible scenarios for EOS at this point:
Either it breaks out the bullish pennant & double its gain since building the upward trend, or it corrects downwards to $3-5. The market is quite unpredictable at the moment because bitcoin seems to have strong influence on all other assets.
Either it breaks out the bullish pennant & double its gain since building the upward trend, or it corrects downwards to $3-5. The market is quite unpredictable at the moment because bitcoin seems to have strong influence on all other assets.
Note
Seems like it's 2. Depending on how deep bitcoin goes, it could drop to 3 or 5. Not guaranteed of course. This is my personal opinion, not investment advice.Note
Seems like ultimately EOS decided to break out the bullish pennant after all.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.