EOSUSD has been moving in a range since last November. First, the price hit $18 but then retraced to $4 and then again moved up to $23 but fell back to $10.29, which is the current price level.
It looks like the price is in an ABCDE range and it is going down to $6.0. This is the support target, IMO. If the price can hold at around $6.0 then the last leg of the formation can take the price up to $30 level.
For the short run, there is still chance to see a price level around $12 but this needs to be interpreted as an short term move (sub 4th wave).
It looks like the price is in an ABCDE range and it is going down to $6.0. This is the support target, IMO. If the price can hold at around $6.0 then the last leg of the formation can take the price up to $30 level.
For the short run, there is still chance to see a price level around $12 but this needs to be interpreted as an short term move (sub 4th wave).
Note
I, II, III, IV and V should have been labeled with ABCDE. Sorry for my mistake.Note
For the very short run, the price may hit $11.0-$11.2 range and starts to retrace back.Trade fermée: cible de profit atteinte
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.