EOS: Breaks out – Further Upside
BREAKING. FOR IMMEDIATE RELEASE AND TRADE
EOS as stated earlier this week has broken out, this is as a result of both the market conditions and Bancor’s technical change to start on the EOS blockchain.
Where is EOS going today?
- EOS has just broken out of its triangle pennant – there is the first resistance that will need to be broken which is $6.10
- The OBV that illustrates open interest indicates that sentiment for the rest of the market is poor and traders have not entered into EOS as of yet.
- Volume is poor, well under the 90D Average, however there is heavy buy side support indicating we may see $6.10 today.
- RSI Stochastic illustrates that a dump was rejected with the stochastic reversing and slowly moving up.
- Increased buy-side support indicates that once traders rush into the market, we should see $6.30 before Friday.
Nouvive and Nouvive Research finds that as a result of positive market conditions, lack of traders in EOS and continued buy-side support, there is NO BEARISH BIAS.
Nouvive sees a trade from current price to $6.30
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