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Range-bound

EOS posting another range-bound weekSame old Same old… not much change on this chart at all. This market busted through a near-term dotted trend line to the upside, but the needed momentum to back it up has dried up. The Average Directional Index (ADX) line was trying to turn higher to show some trend strength building, but has fizzled out a bit. The directional index lines are all knotted up and on low momentum… a range-bound week ahead. A signal for more range-bound trading within support 1 and resistance 1. Weekly S/R Critical Resistance: $7.360 Key Resistance: $5.650 Key Support: $4.620 Critical Support: $4.163
BITFINEX:EOSUSD
by CryptoMarket360
3
DOW JONES OVERVIEW: COKE IS IN MACRO RANGE, SHORT TERM RISKCoca-Cola trades in macro range - on 5 and 10 year basis. Price is now currently trading between 2 key levels. The lower level is 5-year (260 weeks) mean. The higher level is upper 1st standard deviation from 10-year (520 weeks) mean. Price trading within 1 standard deviation is not trending, thus the range outlined above is lateral. On short term basis, however price succeeded in falling below the 1st standard deviations from quarterly (66 days) and 1-year (264 days) means, thus it is on a downtrend risk here at the moment. Overall situation hints that the price is likely to remain in the long term range for observable future (38.00-40.50)
NYSE:KO
by Killy_Mel