Looks like EOS wants to get above that trendline. If we come up and break above it, I think that we should get to the .618 FIB level. Target is higher but I circled some possible resistance at that level.
A possible scenario for EOS. Looks like we are creating an inverse head & shoulders with a target that should complete a right shoulder for a bigger inverse head & shoulders
Got many wicks on the retest showing a lot of support. Should have a move up soon. Not sure about the target because there are different ways to draw in the wedge. But it's roughly somewhere up there.
EOS hit upper TL, but the price is still close to this TL. We can expect even a break out from the channel and ride back to ATH. I do not recommend BUY now. Just wait if we hold the line and break it higher or wait for a correction to $3.4504.
ENTRY LEVELS LONG:
UP TO $3.7200
$3.4504
$3.2692
Hard times came on the EOS market on January 10. After breaking the global trend line, buyers tested the mark of $3.9 and were confident that the downward trend was over.
However, the sellers decided otherwise and lowered the price in less than two days by 40% . After such a fall, the EOS market froze for almost 2 weeks.
However, yesterday we saw a...
Market in last 1 week
EOSUSD saw a downtrend and got support from the lower Bollinger band
Price volatility was very high. The market moved ~42.16%, between $3.55 and $2.5
Today’s Trend analysis
EOSUSD expected to see a slight uptrend as price is trading between the lower band and midline with the lower band acting as support and midline as resistance
...
Relative Strength Index: The RSI is currently at a healthy 41 points. This means the market is ready to recover and at the very least continue trading sideways.
Bollinger Bands: The price is within range but is quite close to the lower bollinger band. This means that EOS can still drop a few percent before bouncing back up.
Volume: The volume is still...
Relative Strength Index: The RSI is currently at a healthy 41 points. This means that the market will most likely continue to trade sideways for the next few hours.
Bollinger Bands: The price is also within the bollinger bands range, meaning it will most likely stay at the same level. Moreover, the price is right on the line with the MA, further reinforcing...
Relative Strength Index: The RSI is currently at a healthy 43 points. It’s a bit low, but that’s expected given the recent slight price decline.
Bollinger Bands: The price is also leaning towards the low end of the band which most likely means it will stay at the current level for a few more hours at least.
Volume: The volume is surprisingly high at the...
Relative Strength Index: The RSI is currently at 78 points. This means the market is overbought and will be looking to retrace until its in range.
Bollinger Bands: EOS/USD is also outside the range. This is another signal that the price will be looking to retrace in the next few hours. It looks like EOS/USD is not even close to being out of steam, so in this...
Relative Strength Index: The RSI at the time of writing is at a high 62 points. It just recently tipped over the 70 point threshold into the overbought market territory, rebounding shortly after.
Bollinger Bands: As the price increased rapidly it crossed over the upper band, which caused the sharp rebound. Now that the price is within the range once again, it...
Relative Strength Index: The RSI is currently at a healthy 54 points. This means the market is stable, yet has enough power to make a move again. We’ve see the RSI hover above the 50 range for quite some time, meaning the market does want to make a move.
Bollinger Bands: The price did touch the lower band earlier and quickly rebounded to the MA line, where its...
