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Eosusdlong

EOS/USD Daily Chart ReviewHow's it going fellow traders! I haven't posted in a while, I thought I come back and do some analysis for more clarity! The cryptocurrency I chose today is EOS. It can be seen on the Dailys that the crypto is doing bull flags, distinct ones at that. It might be slightly late to the party but I think there is still a pretty good R:R ratio (about 1:2) to get into. The target price we are looking to go for is 3.20 with the stop at 2.00. Let's ride the Cryptowave guys!
BITFINEX:EOSUSDLong
by QuanYi
EOS - Support & Resistance / MACD.EOS seems to look quite bullish accordingly to the graph, we have recently seen this coin have a large run up over the recent month where the coin is now consolidating. You should follow the support and resistance lines on the graph to make the most accurate trading decision, if we fall below the supply line (support) it is likely that that trend will continue, conversely if we break through the resistance prices will shoot even higher. The MACD lines look to be crossing soon, keep an eye out for this as it counts as a key indicator of an upcoming increase. Orange - Resistance. Purple - Support. Trade the lines accordingly.
BITFINEX:EOSUSDLong
by thomasfar6