EOS Token (EOSZ18) Chart Analysis by Alan Masters
- We can see a huge increase in green after the 7th Dec. drop . This is true on both time frames (4H and 1D).
- The has come out of oversold and is already on the zone (4H TF).
- Now trading above EMA10 with good momentum.
- is also showing good momentum.
- is massively oversold on the daily time frame (right hand chart).
- We have a followed by a good bounce.
- action expected for next week.
- A close below stop loss would invalidate these signals.
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Thanks a lot for your continued support.
Have a great week ahead...
Alan Masters here...
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:
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.
In the meantime, you can enjoy 80% ROE.
Thanks a lot for your support.
See you at the next one.