I predict a golden opportunity here. EOS has been consolidating for quite a bit. It has held well above .786 fib but has not been able to get past the .0014000 mark. The compression of the bollinger bands as well as the decreasing volume from the left of the triangle to the right of the triangle confirms that this is indeed an ascending triangle . As shown in the chart, the bulls are putting pressure on the prices as the ascending triangle progresses. We are seeing higher lows with stagnant highs. It will just be a matter of time before the bears give in. In the context of the MA lines, prices have held at or above the average. I anticipate the target price to be around the .0017715 mark. However, that should be taken as an estimate since price anticipation is never accurate.
Prices going past the 00.0013798 resistance line will confirm a breakout. Keep an eye on this for the next couple of days as I believe this could make a major bull run.
Play safe, play with stops. Good luck :)
Prices going past the 00.0013798 resistance line will confirm a breakout. Keep an eye on this for the next couple of days as I believe this could make a major bull run.
Play safe, play with stops. Good luck :)
Trade active:
the resistance line is holding steady but the trade is still active but a fall past the .786 fib line may change things.
Order cancelled:
EOS has taken a turn for the worst. If it does not bounce back around the .618 fib line, then it may make its way towards the .009700 target. I would hold back and wait for prices to go back above the MA lines.