Good morning steemians.
This morning we have a look at EOS, at this time EOS has a value of 17.9 USD, at the beginning of April it had an impressive rise around 6X reaching 23 USD, at this moment it is making a correction and we will see if we can take advantage of it .
Now let's enter our analysis, when we see the 4 hour chart we see that we are on a bullish trend line, we can see that at this moment the price is found between the levels 23.6% and 38.2%, and that the price has bounced several times over the 38.2% level around the 16.2 USD.
When observing the indicators the stochastic is overbought and the rsi is at level 52, an interesting option would be to wait for the support of the 38.2% of fibonachi to be tested and the sthocastic to go down a bit.
In the 1 hour chart we can clearly see the support of 38.2% fibonachi.
The stochastic is oversold and the rsi at intermediate levels, there could be a rise at any time. the ideal would be to wait until these indicators give us a better signal of entry.
For now it's all friends later I'll be sharing my analyzes and market insights, cryptos, icos and more.
I say goodbye thank you for your attention, have an excellent week.
Legal Disclaimer: All my analysis are just showing possibile scenarios and not predicting the future. Technical analysys gives wrong signals very often and it just give clues to reason on the future development of a financial product. The price move often in a unpredictable way. Never invest basing only on my predictions which can be wrong and always use a correct money management. I do it for personal interest for free, I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind.
