EOS Technical Analysis: IS EOS DONE CORRECTING?

EOS Technical Analysis: IS EOS DONE CORRECTING? EOS looks to have completed a healthy correction. Price dropped back to the top of the $5.80 support, created a double bottom and is currently trending up. Looking at the daily chart, today’s candle needs to close above yesterday’s close of $6.13 to remain bullish. Ideally price will close above the upper wick of yesterday’s candle ($6.51). Volume has been slowly increasing over the last 2 days. It must continue to increase if EOS is to remain bullish. Looking at the 1 day MACD and RSI, we can see clear hidden bearish divergence. This is concerning for bulls. In today’s video analysis, I discuss price movement, my Elliot wave count, traps to avoid, market psychology and MUCH more information not found above. Video Analysis: BIAS: Short Term: Neutral Longterm: Bullish I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading! Workin Open an Account on Binance here: https://www.binance.com/?ref=16878853  Support the Crypto Ecosystem with Brave Browser:https://brave.com/wor485 Published on   Recommend0 recommendationsPublished in Top Rated, EOS Investors, EOS Coins & Tokens Loading...