#EOS TRADING BELOW ITS MAJOR SUPPORT LAST 2023: WHAT'S NEXT?
If you're looking for an in-depth analysis of EOS, then, you're in the right place.
Here's why.
This token has been moving with significant short-term increases and recently it has made a 16.17% growth within 6 days. As this token have continued to trade below its previous major support, we're confident to continue taking some long positions with proper risk management just slightly below the new low it has created at 0.4011. Right now, since it has went up a lot, we will observe possibilities for a pullback before entering it right away. For the long-term aspect of EOS, we can see it possibly retracing back to its yearly mid and possibly in between its yearly mid and high around 1.0856. Although it may still move and stop first at the yearly average or slightly below it to ensure the establishment of proper supports will be done. That would be around 0.7684-0.8791 to further create waves that may possibly become the area where testing of previous major support (now a resistance) will be done. Eventually leading to a possible break and a new major support to be made.
#AR WAVE OF DEMAND AND SUPPLY AT THIS KEY LEVEL
If you're looking for an in-depth analysis of AR, then, you're in the right place.
Here's why.
AR has experienced a significant 10.41% increase from the key level with most demands. This happened within the span of 2 days and thus, making day traders more profitable. Currently, AR is still trading within the supply and demand range around 19.219-22.122. Right now as AR's support keeps on getting tested we might be able to see a retouch of its lower key levels. We're keeping an eye on the key levels 15.312, 17.333 & 18.205. Identifying other long opportunities just below this support zone will be beneficial to intraday long traders.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
