- The price structures of 1 days and 4 hours showed both bullishness.
- A price current of 10% seemed imminent, based on the liquidation heating map.
The weekend was friendly to EOS [EOS]. On April 12, EOS collected 13.68% from $ 0.619 to $ 0.704. Two weeks earlier it succeeded in breaking the Bearish daily market structure by having the resistance of $ 0.641 (red) shooting.
At the time of the press, EOS Bulls fought to defend the $ 0.64 region as support. They seem to have succeeded, based on the evidence.
The Market sentiment Was still somewhat anxious, and bitcoin [BTC] Would influence whether EOS could continue the recovery.
EOS Bulls defend the demand zone of $ 0.65 and try to push higher
Source: EOS/USDT on TradingView
The bullish market structure on the 1-day graph came at the end of March, when the prices shot past $ 0.641. Since then, a higher high at $ 0.884 and a higher layer has been set at $ 0.588.
That is why investors can have a bullish look for EOS. The announcement of the 90-day tariff break by the US was not enough to resolve the uncertainty on the wider market, and EOS Bulls has to tint their bullishness with caution.
The OBV was in an uprising in recent weeks and the RSI remained above neutral 50. Together the indicators and the price structure showed reasons to be Bullish.
Source: EOS/USDT on TradingView
The 4-hour graph strengthened this image. It also has a bullish structure after the Rally on Saturday took the lower high at $ 0.6645.
In addition, a set of Fibonacci retracement levels was set out based on the Retracement in April. They showed that the level of 78.6% at $ 0.614 was tested before the bullish reversal.
This was again a bullish signal on the below time frames. The $ 0.71 area rejected the bears, but a higher movement seemed probably.
The 1 -month liquidation Heatmap emphasized the regions of $ 0.72 and $ 0.8 as the nearby magnetic zones of interest. Some liquidity was built at $ 0.63- $ 0.64 that could be tested in the coming hours.
Given the bullish structure of the H4, it probably seemed that a move to $ 0.72 was on the hands. If BTC can maintain its upward momentum, EOS can extend its profit and reach the resistance of $ 0.8 in the coming week.
Disclaimer: The presented information does not form financial, investments, trade or other types of advice and is only the opinion of the writer
