EOS has been respecting a horizontal support/resistance line on both the price chart and RSI. Note several bounces over the previous months marked by arrows on the chart.
Finally on the back of a good day for cryptos and some positive EOS chatter we have seen a strong break above the RSI resistance line and corresponding break on the price chart.
Don't chase the green bar - look for price come back to the support line and buy if held.
Good luck!
Finally on the back of a good day for cryptos and some positive EOS chatter we have seen a strong break above the RSI resistance line and corresponding break on the price chart.
Don't chase the green bar - look for price come back to the support line and buy if held.
Good luck!
Note
EOS offered a buy on a small pullback after the break.Watch for the break of the recent swing high for EOS to move back towards the all time highs.
Note
EOS followed our plan nicely. Watch now as price has run into previous resistance and is also showing sell divergence on the 4 hour timeframe.
Expect a pullback before the upward momentum continues.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.