EOS vs Bitcoin Another x2 Move

EOS found the bottom at btc 0.00053 after which price skyrocketed, reaching btc 0.0024. This uptrend resulted in a 357% growth in a matter of 6 weeks. The correction down followed and EOS/BTC went down to btc 0.0015 where it has rejected the support confirmed by two Fibonacci retracement levels.

Looks like EOS should continue the uptrend from the current price, and could reach btc 0.0031 in the coming weeks. The btc 0.0031 resistance is confirmed by two Fibonacci retracement levels, 327.2% and 1227.2%.

On a downside, EOS still is expected to consolidate for some time and could reach 200 Moving Average or an uptrend trendline, which should also be considered as a potential support.



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