EOS / USDT weekly analysis
EOS might be at the end of a reversal pattern on the weekly time frame
Looks like we have the formation of an inverted head and shoulders pattern on the weekly time frame. If this reversal pattern is confirmed by a breakout with strong volume and a weekly closure above the resistance line, the next few weeks will be explosive for EOS!
Even if the fundamentals news are not that great lastly, with the departure of the CTO and a lot of competitors for EOS, on the technical part i believe we are arriving at the end of a long and painful accumulation phase + we are living a very strong Bull market ... Keep an eye on this one, the breakout could be strong !
However, till the breakout is not confirmed, no reason to make some moon prediction
The content covered in this publication is NOT to be considered as investment advice.
Thank you all,
If you enjoyed this analysis please mark a thumbs up and do not hesitate to share your point of view in the comment section.
Have a Good day and Safe trade
Butterfly .D
/Metamorphose your portfolio/
Looks like we have the formation of an inverted head and shoulders pattern on the weekly time frame. If this reversal pattern is confirmed by a breakout with strong volume and a weekly closure above the resistance line, the next few weeks will be explosive for EOS!
Even if the fundamentals news are not that great lastly, with the departure of the CTO and a lot of competitors for EOS, on the technical part i believe we are arriving at the end of a long and painful accumulation phase + we are living a very strong Bull market ... Keep an eye on this one, the breakout could be strong !
However, till the breakout is not confirmed, no reason to make some moon prediction
The content covered in this publication is NOT to be considered as investment advice.
Thank you all,
If you enjoyed this analysis please mark a thumbs up and do not hesitate to share your point of view in the comment section.
Have a Good day and Safe trade
Butterfly .D
/Metamorphose your portfolio/
Disclaimer
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.
Disclaimer
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.