EOS
RSI @ 75.4, indicating oversold territory.
MACD remain narrow, indicating a breakout.
Bollinger Bands have widened, but look to be narrowing as a breakout becomes more likely during the formation of the handle.
Cup and Handle formation assumes Bullish movements ahead, we will likely see a retrace during the formation of the handle, only to follow a bullish breakout into all time high territories.
Your thoughts??
RSI @ 75.4, indicating oversold territory.
MACD remain narrow, indicating a breakout.
Bollinger Bands have widened, but look to be narrowing as a breakout becomes more likely during the formation of the handle.
Cup and Handle formation assumes Bullish movements ahead, we will likely see a retrace during the formation of the handle, only to follow a bullish breakout into all time high territories.
Your thoughts??
Note
EOS seems to be pushing upwards passed Bollinger bands.Also close to passing upper handle and breaking out upward, signaling a potential bullish movement.
Note
Bollinger Bands nice and wide as breakout proceeds to pass upper handle.Note
My Mistake, RSI @ 75 means overbought, not oversold*****
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.