Bitcoin continues trading within a tight range. While it’s been unable to break above key resistance at $6,540, it has held onto the gains its made over the last few days.
EOS did break out of a strong supply zone and seems to be consolidating. It looks like it may come back down for a retest of at least $5.50. Bulls should be looking for a bounce somewhere between $5.50 and $5.45. A strong bounce off that area could send price soaring to around $6.00. If the $5.45 support fails, we could see a drop to at least $5.26.
In today’s video analysis I discuss, market psychology, traps to avoid, where price may be heading next 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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