Hello Traders!
Bit under the weather today, but here to post a daily chart!
Today’s analysis will be on the good old EOSUSD!
Points to consider
- Daily overall trend bullish, potential Higher Low in at current given time
- RSI is coming into its apex
- Stochs in lower region
- EMA’s giving price resistance at current given time
- Volume has dried up drastically
- Price is testing major support level
EOSUSD is in an interesting area as with all other major ALTs in this current market conditions. Price has retraced from local resistance zone sharply into major support area (green zone). The RSI has yet to come to fruition, getting closer into its apex.
The EMA’s are currently giving price resistance right on support, EOS is bound to break bullish and or bearish from this area, this will be confirmed with large volume, as the current volume ridiculously low…
If break of support, bears can easily push price down to next resistance, posting a 39% gain on short
If break bullish, above EMA’s, Bulls can push price back to previous resistance posting a 157% gain!
What are your thoughts on EOSUSD’s charts?
Please leave a like and comment
And remember,
Do not be embarrassed by your failures, learn from them and start again – Richard Branson
Bit under the weather today, but here to post a daily chart!
Today’s analysis will be on the good old EOSUSD!
Points to consider
- Daily overall trend bullish, potential Higher Low in at current given time
- RSI is coming into its apex
- Stochs in lower region
- EMA’s giving price resistance at current given time
- Volume has dried up drastically
- Price is testing major support level
EOSUSD is in an interesting area as with all other major ALTs in this current market conditions. Price has retraced from local resistance zone sharply into major support area (green zone). The RSI has yet to come to fruition, getting closer into its apex.
The EMA’s are currently giving price resistance right on support, EOS is bound to break bullish and or bearish from this area, this will be confirmed with large volume, as the current volume ridiculously low…
If break of support, bears can easily push price down to next resistance, posting a 39% gain on short
If break bullish, above EMA’s, Bulls can push price back to previous resistance posting a 157% gain!
What are your thoughts on EOSUSD’s charts?
Please leave a like and comment
And remember,
Do not be embarrassed by your failures, learn from them and start again – Richard Branson
