EOS Bullish Flag Breakout Looming
Daily
Price has broken out of triangle pattern, following Bitcoin $1,000 candle. Daily support is being formed as this analysis is being typed. Daily entry break and close above $9.00. Stochastic RSI showing momentum has shifted towards upside. Bulls are not letting EOS fall below $7.75, only time will tell.
4Hour
Switching over to our pattern timeframe we can see our triangle break out clearer. EOS is currently stuck in a bearish parallel channel. 4hour support @ $7.50 shown by price. However $8.00 is an ideal psychological support. Break and close above $8.50 on the 4hour and we should be another leg in this bullish wave. Stochastic RSI showing us bearish momentum has bottomed.
Hourly
Finally shifting over towards our trigger timeframe we see a bullish flag being respected.
A break and close above our channel will lead to a breakout, aggressive entry after break.
Target 1: $ 9.00
Target 2: $10.50
Target 3: $ 15.00
We spend our days following the patterns, technicals and essentials of the
present most sultry data about Bitcoin, Ethereum, ICO's and different Altcoins,
and burrow through all the messiness to discover just the best data for our perusers!
In the event that you need the best cryptocurrency to buy / news conveyed
straight to your inbox.
Price has broken out of triangle pattern, following Bitcoin $1,000 candle. Daily support is being formed as this analysis is being typed. Daily entry break and close above $9.00. Stochastic RSI showing momentum has shifted towards upside. Bulls are not letting EOS fall below $7.75, only time will tell.
4Hour
Switching over to our pattern timeframe we can see our triangle break out clearer. EOS is currently stuck in a bearish parallel channel. 4hour support @ $7.50 shown by price. However $8.00 is an ideal psychological support. Break and close above $8.50 on the 4hour and we should be another leg in this bullish wave. Stochastic RSI showing us bearish momentum has bottomed.
Hourly
Finally shifting over towards our trigger timeframe we see a bullish flag being respected.
A break and close above our channel will lead to a breakout, aggressive entry after break.
Target 1: $ 9.00
Target 2: $10.50
Target 3: $ 15.00
We spend our days following the patterns, technicals and essentials of the
present most sultry data about Bitcoin, Ethereum, ICO's and different Altcoins,
and burrow through all the messiness to discover just the best data for our perusers!
In the event that you need the best cryptocurrency to buy / news conveyed
straight to your inbox.
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