Here we see, EOS has formed a nice looking fan pattern. In this pattern 3 trendlines serve as resistance and after breaking the 3rd one, there becomes potential for good upside move.
Howevever, it is better to exercise caution and tighten your stop losses as 4 hour RSI is now pretty high. Same goes the case for daily chart.
For traders, you can use EMA 50 and 100 days see how good EOS bounces from those levels at 4 hourly.
Be happy! Make money!
Happy investing!
Howevever, it is better to exercise caution and tighten your stop losses as 4 hour RSI is now pretty high. Same goes the case for daily chart.
For traders, you can use EMA 50 and 100 days see how good EOS bounces from those levels at 4 hourly.
Be happy! Make money!
Happy investing!