Trybe TV – Bitcoin and EOS Technical Analysis: Waiting for The Bulls to Show Up – by Workin
Since my last update, Bitcoin dropped to the prior level of support ($3,400-$3,250) I warned about. It’s shown some life over the past 24 hours, rising from $3,280 up to $3,600. The prior support is now acting as resistance as it currently trades just below $3,600. Volume remains weak. At the moment, I’m seeing no signs this latest rise has any sustainability.
EOS had dropped just below the known support between $1.85-$1.72. It’s also rallied over the last 24 hours, rising as high as $2.16. The prior $2.11 support is acting as resistance with no decisive break above.
In today’s video analysis I discuss, where prices may be heading next, my personal buy zones, 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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