- The price structures of a day and 4 hours have shown that the two have shown optimization.
- A 10% price rebound appeared imminent, based on the liquidation thermal card.
The weekend was kind to EOS (EOS). On April 12, EOS joined 13.68% from $ 0.619 to $ 0.704. Two weeks earlier, he managed to break the downward daily structure by exploding the resistance of $ 0.641 (red).
At the time of the press, Eos Bulls was fighting to defend the region of $ 0.64 as a support. They seem to have succeeded, on the basis of the evidence to be accomplished.
The feeling of the market was still slightly frightening and Bitcoin (BTC) would influence if the EOS could continue the recovery.
The Bulls EOS defend the request zone of $ 0.65 and seek to push higher
Source: EOS / USDT on tradingView
The rupture of the Haussier market structure over the day graphic occurred towards the end of March, when prices exceeded $ 0.641. Since then, a summit greater than $ 0.884 and a low at $ 0.588 have been set.
Therefore, investors can have an optimistic perspective for EOS. The announcement of a 90-day price break by the United States was not sufficient to eliminate uncertainty on the wider market, and the EOS bulls must tint their implucinity with caution.
The OBR is in an upward trend in recent weeks, and the RSI has remained above the neutral 50. Together, the indicators and the price structure have shown reasons to be optimistic.
Source: EOS / USDT on tradingView
The 4 -hour table has reinforced this view. It also has a bullish structure after the rally on Saturday exceeded it beyond the summit less than $ 0.6645.
In addition, on the basis of the retracement in April, a set of Fibonacci trace levels has been traced. They showed that the level of 78.6% to $ 0.614 had been tested before the Haussier reversal.
It was another bullish signal on the lower time. The $ 0.71 area pushed the bears, but a higher movement has probably appeared.
Source: Coringlass
The one month liquidation thermal card highlighted the regions of $ 0.72 and $ 0.8 such as magnetic areas near interest. There was liquidity accumulated at $ 0.63 to $ 0.64 which could be tested in the coming hours.
Given the H4 bullish structure, it seemed likely that a move to $ 0.72 was imminent. If BTC can maintain its momentum upwards, the EOS could extend its earnings and reach the resistance of $ 0.8 during the coming week.
Notice of non-responsibility: The information presented does not constitute financial investments, exchanges or other types of advice and is only the opinion of the writer
