I think EOSUSD hit the (short term) bottom yesterday and will be in an uptrend till it sees a price level around/above $26.
As can be seen on the chart, there are 2 different channels:
1. Blue trend lines: I think the short term target will be $16-$18.
2. Black trend lines: This is the mid-to-long-run target, which is above $26 (up to $32.)
Let's wait and see.
As can be seen on the chart, there are 2 different channels:
1. Blue trend lines: I think the short term target will be $16-$18.
2. Black trend lines: This is the mid-to-long-run target, which is above $26 (up to $32.)
Let's wait and see.
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Look at the RSI: it is quite oversold and needs a strong impulse.
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Please check 1H, 2H and 4H charts and you will see positive (bullish) divergence.
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Is it a bear trap?
