EOS Token (EOSZ18) on BitMEX Going Bull (80% ROE)

EOS Token (EOSZ18) is looking bullish after a strong drop . Let's take a look closer look at why.

EOS Token (EOSZ18) Chart Analysis by Alan Masters

  • We can see a huge increase in green volume after the 7th Dec. drop . This is true on both time frames (4H and 1D).
  • The RSI has come out of oversold and is already on the bullish zone (4H TF).
  • Now trading above EMA10 with good momentum.
  • MACD is also showing good momentum.
  • RSI is massively oversold on the daily time frame (right hand chart).
  • We have a hammer candlestick followed by a good volume bounce.
  • Bullish action expected for next week.
  • A close below stop loss would invalidate these signals.
  • Hit LIKE if you enjoyed this analysis.

Thanks a lot for your continued support.

Have a great week ahead...

Alan Masters here...

Comment: Moving up slowly... Patience is key.
Comment: Slow and steady growth for EOSZ18.

Volume is good.

We are now above EMA10 and EMA50 on the 4h time frame, this is a good signal... Price needs to remain above so that it can move to EMA100:
Comment: Make sure to secure profits (sell for profits).

Comment: Ascending triangle:
Comment: Our ascending triangle can also be seen as a rising wedge, which is a bearish pattern...

Up or Down? We will let the market decide.

If EMA10 is broken then you can expect a move down... On the other hand the short term trend is up.
Comment: Looking better now:
Trade closed: target reached: You can expect additional bullish action for EOSZ18.

In the meantime, you can enjoy 80% ROE.

Thanks a lot for your support.

See you at the next one.
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