EOS Hits New High | Mapped Long-term (210%+ PP)

5 feb 2020

Here we take another look at EOS Token (EOSBTC) but this time on the weekly timeframe.

• We have 7 consecutive green candles with each candle being worth 7 days... That's 49 days growing/green and counting.
• The RSI and STOCH are both strong and bullish; on the weekly timeframe, this is a very strong signal.
  
• Trading volume is coming in favor of the bulls and starting to build up.
  

Where To Next EOS?

Where are prices headed next?

The next important resistance for EOSBTC is found at EMA50 or 0.0005111, it all depends on how this level is handled.

If EMA50 is conquered with good strength and volume, EOSBTC can go straight up.

If this level is too strong and can't be conquered, prices will move lower to test around 0.0004102 before the next move.

On a drop, even a strong one, we remain bullish and expect for a strong bounce since we are in a bullish market.

Only if prices close weekly below 0.0003000 we switch from bullish to bearish. Everything above this level and we remain bullish.

Previous chart | EOS Starts To Gain Momentum, Huge Jump Ahead | 90%+ Possible | Dec 29, 2019

Thanks a lot for your continued support.

This is Alan Masters.

Namaste.