EOS buy position amid red market
EOS gained our attention last day, when it was the only growing in price crypto within top-30 on Coin Market Cap. Today it gives a possibility to trade on 1 hour timeframe as well as 1d timeframe. On 1D timeframe EWO shows us a change of wave, which is a good global sign. On the 1H timeframe this position is supported mainly by point of convergence on MACD indicator, secondly by wave descending on MACD as well as EWO starting to do it as well. Lastly, RSI staying below 50 gives a final argument in favor of this. Buy setup below based on that:
Buy price: 3.9385-3.9215
Take Profit: 4.3700
Stop Loss: 3.6560
Buy price: 3.9385-3.9215
Take Profit: 4.3700
Stop Loss: 3.6560
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