EOS - Time to break out of the range?

26 ott 2018

The 5.47 - 5.19 range still valid for EOS as price is in the middle of the band currently. Stochastic does not say much but if a break below 5.19 support occurs, we expect a downward move until 5.00. Looking at the opposite direction, 5.47 resistance stands firm, but a break out of the range can carry the price to 6.00.

31 ott 2018

Trade chiuso: obiettivo raggiunto

In our EOS analysis we have witten that "The 5.47 - 5.19 range still valid for EOS as price is in the middle of the band currently. Stochastic does not say much but if a break below 5.19 support occurs, we expect a downward move until 5.00". Looking at the current graph, we see EOS broke below 5.19 support with a strong candle and hit our 5 target right after.