EOS/BTC daily chart.
EOS retraced from the previous high on 29 April (a time when the EOS mainnet launch news was just picking up attracting investors). However, in the last 3 days EOS found a support near the 50% Fib level, priced at 0.00148. This stability is a good signal that even with the last BTC dips, EOS held strong.
This support also coincides with the EMA(50), in yellow. The CCI indicator also shows signals of turning upwards.
EOS mainnet launch is scheduled to 2 June (eoscountdown.com), which can bring a good momentum, like we've seem in the past month.
On the other hand, Bollinger Bands' lower is near 0.00138, and the RSI still has room for decreasing more. Considering a drop in BTC price to the 7.8k region, this support may be tested again.
The next Fib level is at 0.382 (priced at 0.00128), which was traded during 20-23 April.
Having in mind the possibility of Bitcoin falling from 8k, a conservative buy zone would be between these 2 levels, from 0.00125 to 0.00148.
EOS retraced from the previous high on 29 April (a time when the EOS mainnet launch news was just picking up attracting investors). However, in the last 3 days EOS found a support near the 50% Fib level, priced at 0.00148. This stability is a good signal that even with the last BTC dips, EOS held strong.
This support also coincides with the EMA(50), in yellow. The CCI indicator also shows signals of turning upwards.
EOS mainnet launch is scheduled to 2 June (eoscountdown.com), which can bring a good momentum, like we've seem in the past month.
On the other hand, Bollinger Bands' lower is near 0.00138, and the RSI still has room for decreasing more. Considering a drop in BTC price to the 7.8k region, this support may be tested again.
The next Fib level is at 0.382 (priced at 0.00128), which was traded during 20-23 April.
Having in mind the possibility of Bitcoin falling from 8k, a conservative buy zone would be between these 2 levels, from 0.00125 to 0.00148.
