Base on my last analysis of EOSUSD, we're seeing a positive price action today. EOS finally broke the resistance and breakout out!
EMA, MA bullish on the daily chart.
Target price to hit $13.80 and $16.00
Support level at $9 and if that breaks, at $7.
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Reached target $13.8, currently at $14.84 at the time of writing. No signs of retracement. Very bullish. Target $16 very probable.
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Target of $16 reached. If this price momentum sustains, expect to reach $20-$25 region.
If you zoom out on the above chart, I have set at $23 target price upon breakout.
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People are taking profit right after the announcement. EOS price are seeing a market retracement and we will see a new support level.
Personally, it was underwhelming news for me. The annoucement of VC partner without naming who the VC is until 23rd leaves a lot of speculation. Expect another market movement like today close to 23rd.
ex-CEO of Bithumb joining Block.one (role undetermined) is a welcoming news. Need to determine what the role is. Good for the korean market.