Eosbinance
EOS in GREEN ( MACD DIVERGENCE )Confirmation 1: EOS Bullish Divergence on a weekly time frame. Coming weeks 30% bull run.
Confirmation 2: Tested the monthly level at 2479 which is strong support.
confirmation 3: Look at the Triangle Wedge, The upper line of the wedge has been tested and respected 5 times. The Red candle is testing the wedge by wicking at the edge of the wedge.
We may see a test at 3148. Exit the trade before 3148, because it is the monthly resistance which is going to be tested. We may see some retracement, if on the first touch the monthly level is broken EOS may test weekly level at 3552.
In Short, 20 to 25 % rise in coming weeks.
If 3148 is broken, then more 10 percent rise is expected.
Trade safe.
Good luck.
And Ignore my typing mistakes please.
Thanks.
God bless you all.
There is a possibility of the beginning an uptrend in EOSBNBTechnical analysis:
. EOS/BINANCECOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.5440 to 0.4940). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.5440)
Ending of entry zone (0.4940)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
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