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Eostoken

EOSETH - Symmetrical Triangle - Breakout?As you can see a large symmetrical triangle is being formed. You have some things going for you. ETH is rising and it has been a crap overall week which could help break the triangle upwards just overall to help the current situation. IF it does go up to 0.0110 - 0.0115 range I would be prepared for a drop down to .099 range afterwards. Pay attention towards the end of the traingle -Does StochRSI turn around to 30-40 range? -Does MACD support claim -Can it crack the 200 MA (very strong resistance) -Does the volume trend upwards momentum or is there small buys Upwards TRENDING momentum (stay in or buy) Small buys no real volume prepare to sell towards the end of the triangle What I would do: - If you are already in set a stop limit "stop @ 0.0102" "limit @ 0.095"
Short
by DigitalData
EOS taking off to match semianual price level. EOS revisiting price back from July. MACD momentum is peeking, RSI strength is overbought. Price action have managed to break through the top of the trend and appears to be gaining momentum, first penning 38% Fib then making it to 50% fib trace of @ 2.97. Will it penetrate through the 50% or settle back down to upper trend channel? With irrational price action in the general market lately I believe this alt will pen the 50% fib and keep going. If on the other hand this token runs out of steam and find firm ground at around $3 then its up to the market on where it goes from there.
BITFINEX:EOSUSD
by TradeTheWave