This week, Whitebit exchange users voted for us to do a review and technical analysis of EOS coin
So, today you have our global view of the EOSUSDT trading pair on the weekly time frame.
In front of you is the entire trading history of EOSUSDT, which is 5 years from mid-2017 to the present.
And though at different stages of EOS life it was called and know-how a breakthrough in the crypto industry and had to create a bank and crypto-exchanges on its basis and many other things, but such news background and marketing didn’t help. In fact, the whole last year is a clear downtrend without any signals for reversal, the white trendline confirms it.
EOS cryptocurrency has a great chance of falling by $ 0.84
And the EOSUSD price itself collapsed to the mirror level of $1.20, where the price was last in 2017. Below that is just $0.84 per EOS if the fall continues and there is a renewal of the current low.
However, in general, the first signals for a possible rebound upwards are appearing in the cryptocurrency market.
In that case, we can expect EOSUSDT to rise to $1.86, for starters.
Frankly speaking, now it is unlikely that EOSUSDT price will turn sharply V-shaped upwards, as it was in 2017, not those times, not that news background…
It is still risky to buy EOS cryptocurrency
More globally speaking, we would probably risk buying EOS in a medium-term long when the price can consolidate above the red dynamic trendline. After all, the price repeatedly bounced up from this trend line when there were growth prospects, and now the price is under it.
That is a confident long of EOSUSDT when the price fixes above $2.70 with the first target for profit taking in the liquid zone of $4.60-5.30.