Long
EOS LOOKING FOR REVERSAL
EOS looks prime to enter in order to ride the next wave up. As long as the Chikou Span does not cross the Kijun Sen we could see a bounce around the kumo cloud. If the price action goes through the cloud, expect the blue line to be its next support. I think EOS will bounce nicely now or near the green box indicated.
RSI:
EOS has been running hot touching the overbought zone three times before the correction.
MACD:
Looking for the histogram to decrease in size to identify bears losing strength.
ADXDI:
ADX coiling is the consolidation trend. The price action is in consolidation.
RSI:
EOS has been running hot touching the overbought zone three times before the correction.
MACD:
Looking for the histogram to decrease in size to identify bears losing strength.
ADXDI:
ADX coiling is the consolidation trend. The price action is in consolidation.
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Disclaimer
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.