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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.

tempting altcoins eosio eos price top down analysis grafika numer 1tempting altcoins eosio eos price top down analysis grafika numer 1

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.


 

Read next: A Reward For A Transaction!? What Is Kishu Inu Coin? ($KISHU) Let's Take A Look At This New Altcoin | FXMAG.COM


 

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Good luck!

All Strategies Are Good; If Managed Properly!

~Rich


Richard Nasr

Richard Nasr

- Full-time Trader, Coach, and Founder of theSignalyst with 400+ Students Worldwide.
- Founder of RichTL, which is the first and only indicator of its kind to help traders make Objective Technical Analysis.
- TOP author on TradingView platform
- NewsCrypto.io Ambassador and Educator
- Featured on Influencive as one of the TOP 10 Forex Mentors in 2021
- Featured on many websites like Yahoo!, Market Watch, and Digital Journal


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