https://www.tradingview.com/chart/sEuHD7AL/
Interesting price action to analyse with EOS. It was one of the coins that had one of the more "bullish" upswing during this weeks rise.
It cleared January's high point @2.96$. But it's currently entering a zone that is very heavy in resistances.
Zone 1 200 EMA & MA. The last time EOS was above both MA & EMA on the daily was on the 20th of June. A very very long time.
Zone 2 the .382 on the FIB which is at the more or less $4.07 level. Also you have the psychological round number of 4$ that may be as a resistances.
The very intriguing part is, will we form a lower low. The price level that we need to monitor is about $3.58 . If a daily candle closes & opens below that level it will be our lower low and it will be highly probable that prices will go lower. If EOS does not form a lower low and starts to rally and create a higher high, this will get very interesting.
If EOS goes in the bullish scenario of creating a higher Low & then a higher high, we have a clear pathway to November 12 prices that is at $5.50.
Interesting price action to analyse with EOS. It was one of the coins that had one of the more "bullish" upswing during this weeks rise.
It cleared January's high point @2.96$. But it's currently entering a zone that is very heavy in resistances.
Zone 1 200 EMA & MA. The last time EOS was above both MA & EMA on the daily was on the 20th of June. A very very long time.
Zone 2 the .382 on the FIB which is at the more or less $4.07 level. Also you have the psychological round number of 4$ that may be as a resistances.
The very intriguing part is, will we form a lower low. The price level that we need to monitor is about $3.58 . If a daily candle closes & opens below that level it will be our lower low and it will be highly probable that prices will go lower. If EOS does not form a lower low and starts to rally and create a higher high, this will get very interesting.
If EOS goes in the bullish scenario of creating a higher Low & then a higher high, we have a clear pathway to November 12 prices that is at $5.50.