EOS Most Important Supports & Resistants

EOS (one of biggest Ethereum competitors) is finally getting ready to go Mainet. This means leaving Ethereum blockchain (since they are an ERC-20 token) to use their own network.

EOS team is promising to improve Ethereum smart contract capability and make possible vertical and horizontal scaling, they are talking about allowing millions of transaction per second. Having said that, it is clear there will be a lot of volatility the coming days for EOS and the success/failure to quickly migrate to their own blockchain will skyrocket or plump the EOS price considerably.

This is why it is important to plan ahead and place buys and/or sells orders around important levels. Here it is my analysis showing the most important (and more likely to repeat) supports/resistances since late last year.

In case everything goes well and fast I do believe we can easily see 20%-30% gain touching the $14-$15 price. If there are delays/problems with the migration we can retest the $10-$7 supports. Either way we should be ready to protect our investment either by placing stop losses in case something goes wrong or taking some profit if a spike on the price occur.