EOS Technical Analysis: THE RANGE IS TIGHTENING

EOS broke down and out of a bearish rising wedge and seems to be looking for support. I’m watching the prior order block around the $5.26 support for a possible bounce/reversal.

Zooming out on the daily chart, we can see EOS continues to trade within a tighter and tighter range.

Price was rejected at the 21 day EMA on the daily, and just dropped below the 8 day EMA.

In today’s video analysis I discuss, where price may go from here, how I’m trading EOS, market psychology and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/profile/@workin2005) or Steemit in order to watch.

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!

Workin

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Twitter handle is @Workin2005 and Facebook is https://www.facebook.com/Workin2005

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by Workin2005

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