EOS Technical Analysis 20 July 2018 - Where's the Confirmation of the Downtrend?

in #eos6 years ago

#EOSUSD

In my last post about EOS, I wrote that I was waiting for a breakout of the uptrend line, with the price that could reach $4 during next months: EOS Technical Analysis 14 July 2018.
The price went just around the uptrend line and then had some positive days that pushed EOS over $9.

EOSUSD 20 07.PNG

Now the price is coming back and it is likely to test again the uptrend line. I added the Parabolic SAR to understand the level that we should consider for a definitive breakout of the line and a continuation of the downtrend.
The Parabolic SAR shows a level of $6.92 for today. This level is likely to increase in next days, so I will consider $7 as the level to break to have a continuation of the downtrend.

EOSUSD indicators 20 07.PNG

Indicators also agree with a bearish outlook.

Follow me: @forex-intraday

Website: http://quoraforexquestions.com/

Legal Disclaimer: By viewing any material or using the information within this blog, you agree that it is general educational material and you will not hold anybody responsible for loss or damages resulting from the content provided here. Trading has large potential rewards but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in currency markets. This article is neither a solicitation nor an offer to buy/sell any financial instrument.
Trading carries a high level of risk, and may not be suitable for all investors. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading, and seek advice from an independent financial advisor if you have any doubts.
Past performance is not indicative of future results.

#bitcoin #ethereum #ripple #xrp #bitcoincash #eos #litecoin #stellar #lumen #cardano #ada #iota #tether #neo #tron #monero #dash #ethereumclassic #nem #binance #binancecoin #vechain #tezos #omisego #steemit #steem #money #life #cryptocurrency #cryptocurrencies #altcoin #altcoins #trading #invesment #investments #forex #forextrading #fx #fxtrading #fxmarket #market #finance #gold #silver #commodity #commodities #stock #stocktrading #stockmarket #facebook #fb #apple #aapl #bcd #bitcoindiamond #diamond #digibyte #dgb #spx #xau #xag #usdjpy #usd #amazon #amzn #google #googl #alphabet #xem

Coin Marketplace

STEEM 0.28
TRX 0.11
JST 0.034
BTC 66137.63
ETH 3161.38
USDT 1.00
SBD 4.13