EOS/USDT: Bullish Breakout Analysis 1D (Jul. 29)
X Force Global Analysis:
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In this post, we analyze EOS' daily chart for its Tether (USDT) pair, assessing its bullish probabilities.
Analysis
- EOS has broken out of a descending wedge pattern
- After weeks of consolidation, it looks to create new highs for this year
- Using the length of the pole leading up to the consolidation, we could expect this breakout to lead a rally to the 1.618 Fibonacci retracement resistance
What We Believe
The daily setup looks extremely bullish for EOS, as confirmation has been provided from a breakout, leading prices to new highs through bullish rallies.
Let us know what you think in the comment section below
Trade Safe.
If you find our analyses to be helpful, make sure to support us by dropping a ‘like’
In this post, we analyze EOS' daily chart for its Tether (USDT) pair, assessing its bullish probabilities.
Analysis
- EOS has broken out of a descending wedge pattern
- After weeks of consolidation, it looks to create new highs for this year
- Using the length of the pole leading up to the consolidation, we could expect this breakout to lead a rally to the 1.618 Fibonacci retracement resistance
What We Believe
The daily setup looks extremely bullish for EOS, as confirmation has been provided from a breakout, leading prices to new highs through bullish rallies.
Let us know what you think in the comment section below
Trade Safe.
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