Monfex_UK

EOS is set up for a rise !

Long
COINBASE:EOSUSD   EOS/USD
Hi, Traders ! Monfex is on the air !

Our today's pick is EOS - cryptocurrency designed to support large-scale applications.

* EOS's network is expanding further with one of Spain’s largest travel agencies - Destinia to include EOS in its payment options.
* Technically, EOS is speeding up the recovery after falling by more than 1$ (30%) in price - from $3.80 to $2.70.
* Considerable volume is registered on the sharp sell-off. After that, the price found the short-term balance and consolidated at $2.70 - 2.90 level. The new bullish wave is expected to start off from this level.
* MACD shows strong bullish divergence between the bottoms of Mid'July and End'September.
* According to the main rules of a trend initiation, EOS is currently gaining motion on the way to the 1st target at around $4.00.
* We expect EOS to be among the top-picks - cryptos that could shoot up significantly in the mid-term.

Active trade signal

Buy @$3.00 - $3.20.
Nearest Target: $4.00.
Stop-loss: $2.60.

Watch for our Updates to get real-time superior signals!

GOOD LUCK AND LOTS OF PROFITS !!

Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.

Comments

Unfortunately I can't agree with your Bullish Divergence. We already had Bullish Divergence, but that attempt to raise prices has failed. Now EOS will have to createa new Divergence for the reversal of this trend.
Of course, this is just my view, which doesn't mean that I'm right, but it proves that we all see Markets in a different way.
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Pro analysis !
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Monfex_UK DaweFXHunter
@DaweFXHunter, Thank you, my friend ! We are striving to do our best ! :)
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Monfex_UK VladyslavShevchenko
@VladyslavShevchenko, Thank you !
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