EOS - Price Analysis
Although, EOS has formed a falling wedge and the stochastic RSI is still moving to the upside, I am bearish on the price.
Both the Kijun and Tenkan are acting as resistance and moving down that in combination with the bearish Kumo twist, I do not see an upside break of the wedge taking place.
Declining volume and bearish directional indicators help to reinforce that sentiment.
Once the stochastic RSI meets resistance and begins to fall, I would expect that price stays well contained in the wedge and falls close to the .236 Fibonacci level between $6.9 and $7.3~
Both the Kijun and Tenkan are acting as resistance and moving down that in combination with the bearish Kumo twist, I do not see an upside break of the wedge taking place.
Declining volume and bearish directional indicators help to reinforce that sentiment.
Once the stochastic RSI meets resistance and begins to fall, I would expect that price stays well contained in the wedge and falls close to the .236 Fibonacci level between $6.9 and $7.3~
Join The Spekre ACS Creator Pool and gain access to exclusive trading indicators, copy trading, exclusive content, and more tools in the future! Link: hub.accessprotocol.co/creators/J8TpW6cypxheFUYjWn4mxS6ExvBEMxyMiRvrf43Nhnvy
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.