EOS Trading Analysis in the coming August
After favorable factors of annual EOS meeting, EOS price has been entering a state of middle correction, although its' price trend is still keeping up with ETH, but price volatility is getting lower and lower, and trading volume is dropping down rapidly. Presently, k-chart for 4 hours is entering an end of ascending triangle area, it may expect to keep oscillating in region of $5.6-6.8, next step would be likely to select for direction . Due to strong support of 150 moving average, the breaking through 30 moving average with high probability would be a perfect entry point. Once it finish to pull back upon $6.85, it will crack new high.
Risk reminder: Once breaking below the 150 moving average, set stop-loss position at $5.3 and control your positions.
Risk reminder: Once breaking below the 150 moving average, set stop-loss position at $5.3 and control your positions.
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