Trybe TV – Bitcoin and EOS Technical Analysis: LOOKING FOR BOTTOM – by Workin
Bitcoin has broken below key support ($5,500) on Coinbase. It’s dropped as low as $5,200 where it bounced. It now seems to be testing the prior $5,500 support. If the $5,500 support starts acting as resistance, price could very quickly drop below $5,000. If price can get back above $5,500, and consolidate, the bulls may have a chance to retake some ground.
EOS has crashed below many key levels of support. For now it found a bottom at the $4.28 support where it bounced. It’s now back above the $4.50 support. If the $4.50 support breaks a second time, I think an eventual drop to at least $4.00 become likely.
In today’s video analysis I discuss, where prices may go from here, potential areas to buy, traps to avoid and so much more. I hope you find it helpful.
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!
Disclaimer: I am NOT a financial advisor and this is NOT financial advice. Please always do your own research before investing.
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