Trybe TV – Bitcoin and EOS Technical Analysis: SEARCHING FOR BOTTOM – by Workin
Bitcoin has dropped back into a known support zone between $3,400 and $3,250. It tried breaking above $3,400 again, but has been unsuccessful as of writing this update. If $3,400 continues to act as a strong resistance, I believe price could quickly fall below the $3,250 support.
EOS has fallen to the $1.85 support. It’s currently trading just on top of that area at around $1.87. If price drops below $1.72, we could see a quick drop to $1.25.
In today’s video analysis I discuss, where the bottom may be, price movement in the short term, 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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