[EOS / USD] 5-18-2018: Simple chart analysis for beginners

rtytf(67)

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Let's analyze the EOS / USD chart at this time.

First, let's take a look at the daily chart on May 18, 2018.
eos 5-18-18.jpg

When we applied the FIBONACCI RETRACEMENT
with the low of April 1 and the high of April 29,
we can see that the price is now @ 61.8%.

At present, 61.8% of FIBONACCI RETRACEMENT is
also supported by 50ma.

The price may go down a bit again and retest 50ma.

I hope the volume will increase more.

I hope MACD will not go any further down from here,
and I look forward to MACD getting coiled up again.

Now the price is in the place where it is important.
If the price does not go below 50 ma,
there is a high probability that EOS will rebound.

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Disclaimer : Do your Own Research. My content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances.