ALTCOINS TRADING BELOW AND ON TOP OF THEIR MAJOR SUPPORT: SHOCKING NEXT PRICE ACTION!
#EOS TRADING BELOW ITS MAJOR SUPPORT LAST 2023: WHAT'S NEXT?
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.
#VET STAYS ON TOP OF ITS MAJOR SUPPORT (THIS PROVES 1 SPECIFIC PRICE ACTION)
VET has recently increased 13.98% with its bounce from the demand zone. The key level 0.019 has shown us further proof that any of the support level will continue to provide long opportunities. So in the event that any of the key levels within the demand zone of 0.015-0.019 are tested. We can safely assume that more long positions will be opened within these key levels. Hence, the opportunities for long positions will continue to increase with the support holding VET's price strongly.
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Stay wise, trade cautiously.
