I would like to draw your attention to EOSUSD. It is one of the tokens that have managed to double its capital despite the overall market has stalled and has lost part of the capital. EOS has managed to break into top 10 by market cap. It is currently slightly below 10 billion USD.
Also, we can see that the volume has increased.
On the chart, there are 3 support areas that really stand out. These are:
6.50 - 7.00 USD
8.25 - 8.50 USD
12.00 - 12.50 USD
The closest support level obviously is 12.00 - 12.50 area. Technically the precise level is 12.50, but having that round number in proximity will probably pull the price towards it once it comes down.
Once we see that the price is holding steady above this level, then we can have a look at a more specific and precise entry point and method.
First target level will be 20.00 USD and the second will be 25.00 USD.
If for some reason the price is settling below this 12.00 - 12.50 are then the next level to hold will most likely be 6.50 - 7.00 as it is stronger than 8.25 - 8.50.
Please, always do your own research, and trade responsibly.
Also, we can see that the volume has increased.
On the chart, there are 3 support areas that really stand out. These are:
6.50 - 7.00 USD
8.25 - 8.50 USD
12.00 - 12.50 USD
The closest support level obviously is 12.00 - 12.50 area. Technically the precise level is 12.50, but having that round number in proximity will probably pull the price towards it once it comes down.
Once we see that the price is holding steady above this level, then we can have a look at a more specific and precise entry point and method.
First target level will be 20.00 USD and the second will be 25.00 USD.
If for some reason the price is settling below this 12.00 - 12.50 are then the next level to hold will most likely be 6.50 - 7.00 as it is stronger than 8.25 - 8.50.
Please, always do your own research, and trade responsibly.