đ Analysis and Prediction (BCH and EOS):
đ° BCH/USDT - The price of #bch has been falling since reaching its yearly high on June 30th at $329. The decline has been within a descending parallel channel, which is considered a corrective pattern. The movement within the channel brought the price to a low of $165 on August 17th. The subsequent bounce confirmed the channel's support line and marked the beginning of the ongoing rally. On August 29th, BCH made a bullish breakout from the channel. The price of BCH could reach a new yearly high near the $425 mark. Closing below the minor horizontal support area at $225 would invalidate this bullish forecast and suggest that the price is still undergoing a correction. đ
đ EOS/USDT - Since May 2021, #eos has been moving along a descending resistance trendline. The token last bounced off it on April 10th, which led to the price reaching a low of $0.50 in August. This low coincided with a historical low not seen since 2017. The exact historical low is at the $0.48 level, almost 20% lower than the current price. A bearish breakthrough of the $0.50 area could lead EOS to decline to $0.13, which is 80% lower than the current price. A breakout of the descending resistance trendline would invalidate the bearish outlook for EOS. In this case, a likely scenario would be a price increase of 120% towards the next nearest resistance at $1.25. đž
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