This entry is part 2 of 31 in the series Technical Analysis by Workin

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.

Video Analysis:

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. 

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  1. JZA

    Tether provided a nice adrenaline rush but we are back at the dog house. Wonder how longer would we get a real breakdown. Just like you said, a 4hr candle breakout. According to your graph this push a breakout timeline to early november instead of mid october as original saw. This could go on forever. If ther historical kicks in then we could start getting people excited.