Maybe these are it's last days of sustained upward movement. Previously on March 7th I predicted EOS reaching $1.55 this year. I was right. EOS reached 1.55 and touched 1.37. But this happened way faster than I believed. 6 month faster. Which lends one to think that this drop was inorganic. Maybe this inorganic drop is a reaction is the to inorganic Trump pump in January.
Nonetheless we see price clobbering it's way out the pits. A normal reaction after such a drop. Some whales could have been caught in their longs from the sudden drop and are setting up an exit pump.
And this little choochoo cannot keep going up even it thinks it can. Because above the current prices are heavy resistances. The heavy daily Ichi cloud hangs over it. And the price action pattern is one of the most bearish, a rising wedge. However the grandest of all resistances in the longterm support line (green). It had supported price since 2017. And now EOS broke under it's longterm support which is very very grave.
All that EOS trying to do now is to retouch the longterm support line now a heavy resistance. It will be last goodbye to that price level, because EOS seems heading to its demise, to ZERO. RIP the choochoo that thought it could . EOS was one of the best performers during the trump pump, a favorite, sad (;_;).
Nonetheless we see price clobbering it's way out the pits. A normal reaction after such a drop. Some whales could have been caught in their longs from the sudden drop and are setting up an exit pump.
And this little choochoo cannot keep going up even it thinks it can. Because above the current prices are heavy resistances. The heavy daily Ichi cloud hangs over it. And the price action pattern is one of the most bearish, a rising wedge. However the grandest of all resistances in the longterm support line (green). It had supported price since 2017. And now EOS broke under it's longterm support which is very very grave.
All that EOS trying to do now is to retouch the longterm support line now a heavy resistance. It will be last goodbye to that price level, because EOS seems heading to its demise, to ZERO. RIP the choochoo that thought it could . EOS was one of the best performers during the trump pump, a favorite, sad (;_;).
Commentaire:
rejected by the ichi cloud, dropped out of the rising wedge. heading down.