Gobabacom

EOS - Time to break out of the range?

Gobabacom Actualizado   
KRAKEN:EOSUSD   EOS
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.
Operación cerrada: objetivo alcanzado:
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.

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