EOS/BTC corrected from its previous breakout we’ve had an update about earlier. So far the declining resistance is still holding as support and EOS entered our accumulation range again. As long as EOS/BTC can hold this former resistance as support we slowly could move back to a bullish continuation. This depends on a lot of more factors but mostly about the confidence in the markets. Bitcoin is trading below the 20WMA which means there is a higher risk right now in getting into alt-coins however it also provides unique buying opportunities.
Entry levels : 1009 – 1100 Sats (Accumulation)
1st Target : 1386 Sats
2nd Target : 2373 Sats
3rd Target : 5185 Sats
Targets are conservative and in a continuation of the bull market EOS/BTC could reach higher levels than the targets mentioned.