EOS/USDTPERP Long-Term Trend: Bullish
Key Resistance Levels: 4.150, 4.429, 4.450
Key Support Levels: 3.569, 3.133, 3.130
The price on the higher time frame failed to break a key strong support around the 3.133 USDT mark and posted a double bottom which signals a potential of a reversal. The market has moved higher and managed to break a strong resistance (now support) around the 3.569 USDT level, where we expect after that move further movement to the upside.
EOS/USDTPERP Medium-Term Trend: Bullish
On the lower time frame, the asset was traded inside a bullish channel formation where we expect a lower correction to its lower end which coincides with a strong support. This will lead to a move upward in the same direction of the main trend.
Buy Limit Order @ 3.780
TP 1 @ 4.131
TP 2 @ 4.429
Stop Loss @ 3.663
Trade Safely 🙂