My short observation:
The Blue line, due to multiple supports, seem like a much more reliable trend line for EOS in its current uptrend for the last couple of weeks.
The red line could be validated if the price drops to its level - to do so, the price would have to fall further.
I doubt it might drop to red line though given how EOS has been going up strongly in the recent times.
The Fib retracements seem ok as the prices have moved/jumped at 0.5 and 0.382 levels.
After this month's Consensus 2018, like a lot of people, I am hopeful that things will be more bullish.
***This is my opinion only, not financial advice.**
**Currently I do not hold any EOS personally and this analysis should be taken as my idea and not shilling. ***
The Blue line, due to multiple supports, seem like a much more reliable trend line for EOS in its current uptrend for the last couple of weeks.
The red line could be validated if the price drops to its level - to do so, the price would have to fall further.
I doubt it might drop to red line though given how EOS has been going up strongly in the recent times.
The Fib retracements seem ok as the prices have moved/jumped at 0.5 and 0.382 levels.
After this month's Consensus 2018, like a lot of people, I am hopeful that things will be more bullish.
***This is my opinion only, not financial advice.**
**Currently I do not hold any EOS personally and this analysis should be taken as my idea and not shilling. ***
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