Hi everyone
EOS declined below 200EMA & 50EMA .I mentioned my previous analyze for grey support area and strong support level. as you see on the chart
the price rejected and bounced up from our strong support level to grey support area( now act as resistance) in 1H chart.
as far as it could stay up on our support level we can expect going upward more but if the price cross down my red trend line and support level
it will decline to my new grey area downward.
4H CHART..........
in 4h chart MACD histogram is going to get strength up . the net volume still on positive side but near the border and we are on the ICHI cloud.
they are all sign for consolidation hours before making decision to go up or down. stay safe
Enjoy the market
EOS declined below 200EMA & 50EMA .I mentioned my previous analyze for grey support area and strong support level. as you see on the chart
the price rejected and bounced up from our strong support level to grey support area( now act as resistance) in 1H chart.
as far as it could stay up on our support level we can expect going upward more but if the price cross down my red trend line and support level
it will decline to my new grey area downward.
4H CHART..........
in 4h chart MACD histogram is going to get strength up . the net volume still on positive side but near the border and we are on the ICHI cloud.
they are all sign for consolidation hours before making decision to go up or down. stay safe
Enjoy the market
