EOS retraced 61.8 of its gains from the last move up. Now sitting at the 50% mark. MACD turning slightly bullish. Might get a continuation of upward movement from here. Will be watching MACD and 5/12 EMA for confirmation. Looking to long with a price target near the top of the last upswing.
Set up is invalid if price resumes negative trajectory, especially if we don't get a bounce from the .618 level.
Set up is invalid if price resumes negative trajectory, especially if we don't get a bounce from the .618 level.
Comment:
Hitting a little resistance at the .236 level. Considering taking profit here if we can't break through to 100% retracement.