EOS Token (EOSZ18) on BitMEX Going Bull (80% ROE)

EOS Token (EOSZ18) is looking bullish after a strong drop. Let's take a look closer look at why.


EOS Token (EOSZ18) Chart Analysis by Alan Masters

• We can see a huge increase in green volume after the 7th Dec. drop. This is true on both time frames (4H and 1D).
  
• The RSI has come out of oversold and is already on the bullish zone (4H TF).
  
• Now trading above EMA10 with good momentum.
  
• MACD is also showing good momentum.
  
• RSI is massively oversold on the daily time frame (right hand chart).
  
• We have a hammer candlestick followed by a good volume bounce.
  
• Bullish action expected for next week.
  
• A close below stop loss would invalidate these signals.
  
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Thanks a lot for your continued support.

Have a great week ahead...

Alan Masters here...

Namaste.

Comment:

Moving up slowly... Patience is key.

Comment:

Slow and steady growth for EOSZ18.

Volume is good.

We are now above EMA10 and EMA50 on the 4h time frame, this is a good signal... Price needs to remain above so that it can move to EMA100:

Comment:

Make sure to secure profits (sell for profits).

Namaste.

Comment:

Ascending triangle:

Comment:

Our ascending triangle can also be seen as a rising wedge, which is a bearish pattern...

Up or Down? We will let the market decide.

If EMA10 is broken then you can expect a move down... On the other hand the short term trend is up.

Comment:

Looking better now:

Trade closed: target reached:

You can expect additional bullish action for EOSZ18.

In the meantime, you can enjoy 80% ROE.

Thanks a lot for your support.

See you at the next one.