EOS Technical Analysis 07 July 2018 - Indecision on the Market

in #eos3 years ago

#EOSUSD

eos daily 07 07.PNG

The price is heading towards the bottom of the up-channel that we have identified in a previous long-term analysis.
Is it time for another rejection of the price?

eos 15M 07 07.PNG

If we have a look at a lower time frame (15-minute), there is no clear trend and EOS is trading in a very tight range in last days.

eos indicators 07 07.PNG

Indicators prefer short positions. I think that the market is in a consolidation period, with a very low volatility. Without a clear short-term direction, I would wait and see what happens in the next hours.

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