Over the course of a few months, EOS has formed a huge megaphone pattern. During the recent sell-off of BTC it appears that EOS has found a very strong support at the bottom trend line of the pattern.
As per my previous BTC analysis, I'm predicting that we're about to see a very strong reversal in prices soon. EOS is comparatively still quite undervalued, so I'm expecting a big jump.
In the long term, the target would be either the top of the channel or the current ATH.
Happy trading!
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