ðĨ EOS Oversold Double Bottom Bounce: High Risk/Reward!
Like most cryptos, EOS is currently seeing a bullish bounce after weeks of selling. There's two reasons on why EOS might see a strong bullish move coming in the near future.
- The daily RSI has reached oversold.
- The price has found support in a 1 year old support area.
Wait for the price to close above the 0.92 level, which is a short-term resistance. Target is placed at the recent highs. More defensive traders could move their stops to break even and/or take partial profits around $1.
- The daily RSI has reached oversold.
- The price has found support in a 1 year old support area.
Wait for the price to close above the 0.92 level, which is a short-term resistance. Target is placed at the recent highs. More defensive traders could move their stops to break even and/or take partial profits around $1.
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