Long

EOS Token (EOSZ18) on BitMEX Going Bull (80% ROE)

Updated

EOS Token (EOSZ18) is looking bullish after a strong drop. Let's take a look closer look at why.

EOS Token (EOSZ18) Chart Analysis by Alan Masters

We can see a huge increase in green volume after the 7th Dec. drop. This is true on both time frames (4H and 1D).
The RSI has come out of oversold and is already on the bullish zone (4H TF).
Now trading above EMA10 with good momentum.
MACD is also showing good momentum.
RSI is massively oversold on the daily time frame (right hand chart).
We have a hammer candlestick followed by a good volume bounce.
Bullish action expected for next week.
A close below stop loss would invalidate these signals.
Hit LIKE if you enjoyed this analysis.

Thanks a lot for your continued support.

Have a great week ahead...

Alan Masters here...

Namaste.

Comment

Moving up slowly... Patience is key.

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Slow and steady growth for EOSZ18.

Volume is good.

We are now above EMA10 and EMA50 on the 4h time frame, this is a good signal... Price needs to remain above so that it can move to EMA100:

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Make sure to secure profits (sell for profits).

Namaste.

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Ascending triangle:

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Our ascending triangle can also be seen as a rising wedge, which is a bearish pattern...

Up or Down? We will let the market decide.

If EMA10 is broken then you can expect a move down... On the other hand the short term trend is up.

Comment

Looking better now:

Trade closed: target reached

You can expect additional bullish action for EOSZ18.

In the meantime, you can enjoy 80% ROE.

Thanks a lot for your support.

See you at the next one.

AlanSantana

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