EOS / TetherāđāļāļīāđāļĄāļāļķāđāļ
SasanSeifi ðââ Potential for Renewed GrowthâðĪ
Hey there,â
As you can see on the chart, the price ofEOSUSDT has been in a specific range for the past 8 months. After this period of fluctuations, the price broke out with a 50% increase and reached the $1.30 liquidity zone. However, at the moment, the price is trading around $1.
Looking at the long-term time frame, one scenario we can consider is as follows: After ranging, if the support levels of $0.85 and $0.50 are maintained and confirmed, there is a possibility of another rise to the $1.30 range. In the long term, if the price breaks and stabilizes above the 200 EMA in the $1.30 range, the upward momentum will be stronger and a target of $2 can be considered. On the other hand, if the price falls below the $0.85 range after ranging, a correction to the $0.50 range can be considered.
This is not financial advice. Always do your research before making any investment decisions.ð
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!â
if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!ð
As you can see on the chart, the price of
EOSUSDT has been in a specific range for the past 8 months. After this period of fluctuations, the price broke out with a 50% increase and reached the $1.30 liquidity zone. However, at the moment, the price is trading around $1.Looking at the long-term time frame, one scenario we can consider is as follows: After ranging, if the support levels of $0.85 and $0.50 are maintained and confirmed, there is a possibility of another rise to the $1.30 range. In the long term, if the price breaks and stabilizes above the 200 EMA in the $1.30 range, the upward momentum will be stronger and a target of $2 can be considered. On the other hand, if the price falls below the $0.85 range after ranging, a correction to the $0.50 range can be considered.
This is not financial advice. Always do your research before making any investment decisions.ð
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!â
if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!ð
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