Tempting Altcoins: EOSIO - EOS Price – Top-Down Analysis!

(NVDA) Nvidia Stock Price Plunged! Meme Stocks' Performance Seems To Be Surprisingly Good

EOS is sitting around a strong support so we will be looking for buy setups

on DAILY: EOS is forming an inverse head and shoulders but it is not ready to go yet.

Long-Term Trigger => Waiting for a momentum candle close above the gray neckline to buy.

EOSIO Chart | EOS Price Chart

Meanwhile, until the buy is activated, EOS would be overall bearish and can still trade lower inside the orange channel.

For the bulls to take over from a medium-term perspective, we need a break above the orange channel which would also act as a trend continuation setup.


 

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Good luck!

All Strategies Are Good; If Managed Properly!

~Rich

(NVDA) Nvidia Stock Price Plunged! Meme Stocks' Performance Seems To Be Surprisingly Good

Richard Nasr

- Full-time Trader, Coach, and Founder of theSignalyst with 400+ Students Worldwide.
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