EOS rose from $5.15 to $6.09 the other day before correcting. It’s since been able to hold on to some of those gains and is currently consolidating around $5.55.
Looking at the daily chart, price is finding resistance at the 50 day MA, and support at the 21 day EMA. A break above the 50 day MA would be a rather bullish indication. Conversely a break below the 21 day EMA could signal a drop back to at least $5.20.
The 1 day MACD continues a very direct trajectory towards bullish territory.
In today’s video analysis, I discuss where price may go from here, the area I’m stacking my buys (and stop-loss), traps to avoid and MUCH more. I hope you find it helpful.
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!
Disclaimer: I am NOT a financial advisor and this is NOT financial advice. Please always do your own research before investing.