EOS: Time to Move Up
EOS, backed by Block One.
Following the Asian close, in which we saw EOS take a 2.6% pump, recently, over the past few hours, we have seen it dump close to 1.2%. This appears to be taking another move up,
What will Happen today?
EOS appears to be in a Bullish penant, if such is the case, at around 7pm GMT time, following the New York open, we will see EOS pump to the $5.25 line.
This is based on increasing market sentiment, the decrease in RSI Stochastic illustrating that it is oversold, ready to pump on all time frames.
Moreover, the decreasing volume, illustrates that it appears to be the most appropriate time, for there to be a position to be taken.
Nouvive recommends entering a position, with a stop loss at the 0.5 Fib line, especially as there are a lot of bids in the area to prop up the support.
Those who have longed EOS, seem to be selling their position at just above the 0.786 Line.
If EOS can get above the 55MA line, it can use this as a resistance to attempt to take over the 5.30 area.
Nouvive issues a BUY for EOS.
If You want to buy: Enter a position at just below $0.5015 with a take profit at below $5.19 to $5.223. Increasing Stop Losses as when in Profit.
The first stop loss should be at $4.99.
Nouvive: Home of Crypto Beginners, Traders & Investors. Nouvive provides Cryptocurrency trading news, Analysis and indicators for beginners, traders and investors.
Information on these pages contain speculative statements that involves risks and uncertainties. Crypto-Assets profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell. Nouvive does not in any way guarantee that this information is free from mistakes, errors or material misstatements. It does also not guarantee that this information is of a timely nature. Crypto-Assets involve risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing or trading are your responsibility alone. For more information, please view the Risk Warning Below.