🔥 EOS Severely Undervalued: Weekly Analysis
After the Corona Crisis in March 2020 around 80% of crypto value evaporated in a two week time span. After the massive dip, retail- and institutional investors alike started to buy crypto (and other assets) with everything they had, which brings us to today.
Nearly every crypto has at least done a x10 in the past year, some even a x150 or more. Even Bitcoin, the largest of them all, has made a x20 from its March 2020 lows. Every crypto mooned, apart from one.
EOS has only gained 200% since its lows from the Corona Crisis, which makes it one of the worst performing large cap cryptos, lagging severely behind the rest of the market.
Why would now be a good time to step in? The resistance from right before the Corona Crisis got broken today, giving EOS a lot of bullish momentum. For reference, for Bitcoin this resistance was located at 10.5k and broke last July. BTC went x6 since then.
Be aware this is a long term trade, especially the further targets might take a while to reach.
Buy: 5.7 - 4.7
Target: 8.7 - 10 - 14.5
Stop: 4
Happy trading!
Nearly every crypto has at least done a x10 in the past year, some even a x150 or more. Even Bitcoin, the largest of them all, has made a x20 from its March 2020 lows. Every crypto mooned, apart from one.
EOS has only gained 200% since its lows from the Corona Crisis, which makes it one of the worst performing large cap cryptos, lagging severely behind the rest of the market.
Why would now be a good time to step in? The resistance from right before the Corona Crisis got broken today, giving EOS a lot of bullish momentum. For reference, for Bitcoin this resistance was located at 10.5k and broke last July. BTC went x6 since then.
Be aware this is a long term trade, especially the further targets might take a while to reach.
Buy: 5.7 - 4.7
Target: 8.7 - 10 - 14.5
Stop: 4
Happy trading!
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