Market capitalization: 4840M
Capitalization rank: 5
coinmarketcap.com/currencies/eos/
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I don't suggest you to open a position now. Because I see 3 probable ways at once as the price of this coin can move. And I don't know what more probable.
On the daily chart it is possible to draw such resistance line.
The first way (number 1 on chart). The price can pass the line soon. Also there will be a uptrend. But now bears with hammers of it don't want. Look 1h-chart.
Second way (number 2 on chart). The price will fall to the closest line of support. After that the uptrend will begin.
Third way (number 3 on chart). The price will fall still. To the lower line of support. After that the uptrend will begin.
If we don't know what way correct, then we don't need to open a position. Right?
Capitalization rank: 5
coinmarketcap.com/currencies/eos/
______________________________________________________
I don't suggest you to open a position now. Because I see 3 probable ways at once as the price of this coin can move. And I don't know what more probable.
On the daily chart it is possible to draw such resistance line.
The first way (number 1 on chart). The price can pass the line soon. Also there will be a uptrend. But now bears with hammers of it don't want. Look 1h-chart.
Second way (number 2 on chart). The price will fall to the closest line of support. After that the uptrend will begin.
Third way (number 3 on chart). The price will fall still. To the lower line of support. After that the uptrend will begin.
If we don't know what way correct, then we don't need to open a position. Right?
Comentário:
First way