EOS Token (EOSU19) is now trading within a falling wedge and attempting to break above it as I write this... Here is the setup, our last trade for EOSU19 failed so we now take a second look, ...
We have a falling wedge that is being challenged right now, where you see #3 on the chart.
If EOSU19 can break above this trendline, we can expect for it to easily move higher. A break above EMA10 (0.0003157) would give further strength to this signal.
Now, if EOSU19 fails to break this trendline, we can expect for it to move lower before another try at breaking up.
Chart signals:
Low volume; green volume bar coming up.
MACD starting to curve.
RSI curving up after hitting oversold.
All these are early signals.
I still don't have a trade for this setup but will keep an eye on it.
Thanks a lot for reading this content, I/We appreciate your support.