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.
Eos ≠ 100dollar 2018, taking over hodlers from Eth and Ripple, if Eos just hit 1/3 of ripples market cap it vill be worth 40$ and if it goes past eos and 100 billion in market cap it is worth over 100$ each
ArmandsTrencis
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@Krowna, Yes, it is very possible. Has to multiply by around 6.5, which is not that crazy in crypto :D.
You need a market cap of 60 billion exactly for it to be worth 100 USD, but for 40 USD you need just 24 billion.
Imagine if the market cap will keep growing at this pace. It increased almost 50 times last year.
This is possible, as it is estimated that less than 1% of the people own any crypto.
shaggyshaw
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Thanks for this analysis. I'm thinking it may be time to realize some of my gains if this turns bearish... Or hold on for 24.99..
ArmandsTrencis
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@shaggyshaw, it would probably depend at what price you got in. If it is a long-term hodl, then you probably shouldn't be selling. But don't take my word for it.