EOS/USDT - Binance - 30mins Chart - Possible Bullish and Bearish Scenario
You can check it here: https://www.tradingview.com/chart/IeAGGd4M/
On this graph, we use Elliott Impulse Wave (12345), Trendline, MacD below, Ellipse and arrow symbol.
Based on the graph there's a bullish and bearish scenario
Possibly continues to downtrend if he reaches the red line(Trendline) on the no. 1.
If the BTC will continue to bullish trend and this is the best helps to reach the no.2 instantly.
However, if the BTC will bearish the price possibly will drag down and trying to reach the next resistance and the price would be $2.4.
We will see if there's enough volume of EOS and we can decide possibly the target buy.
Remember: TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.
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EOS & EOSIO Blockchains
Let's talk all things related to EOS and EOSIO-based blockchains! EOS runs on the EOSIO software platform. The EOSIO software was developed by Dan Larimer and the company block.one. EOSIO utilizes DPOS (Delegated Proof of Stake) for superior transaction throughput and features. Blockchains that are running EOSIO software include EOS, Telos, Worbli, EOSforce, WAX, BOS, etc.