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EOS Technical Analysis: THE BULLS HOLD ON...FOR NOW by workin2005

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· @workin2005 ·
$10.84
EOS Technical Analysis: THE BULLS HOLD ON...FOR NOW
![Analysis_Logo Resize.png](https://cdn.steemitimages.com/DQmPGS4NFos8KZvW7KRjkYs21czufu92Vr9qooFwGNJm5vc/Analysis_Logo%20Resize.png)
### EOS rose from $5.15 to $6.09 the other day before correcting. It's since been able to hold on to some of those gains and is currently consolidating around $5.55. 
![Screen Shot 2018-10-17 at 5.47.20 PM.png](https://cdn.steemitimages.com/DQmbjAFvQVHs6Mb2zM8a7Ndp9ahNjxm1aJAiVbpcYWKtpSZ/Screen%20Shot%202018-10-17%20at%205.47.20%20PM.png)
### Looking at the daily chart, price is finding resistance at the 50 day MA, and support at the 21 day EMA. A break above the 50 day MA would be a rather bullish indication. Conversely a break below the 21 day EMA could signal a drop back to at least $5.20. 
![Screen Shot 2018-10-17 at 5.48.21 PM.png](https://cdn.steemitimages.com/DQmRzoZC3SpHd8gjZk7EemEj31LLiwxyRRQc3Awune678HX/Screen%20Shot%202018-10-17%20at%205.48.21%20PM.png)
### The 1 day MACD continues a very direct trajectory towards bullish territory. 
![Screen Shot 2018-10-17 at 5.48.46 PM.png](https://cdn.steemitimages.com/DQmVfdop7k1Tmd4zhE3rjvh1bBKAP5jjQsBKe6SwcLdDBi8/Screen%20Shot%202018-10-17%20at%205.48.46%20PM.png)
### In today’s video analysis, I discuss where price may go from here, the area I’m stacking my buys (and stop-loss), traps to avoid and MUCH more. I hope you find it helpful. 
## Video Analysis:
https://youtu.be/Re0M12NHEYE
#### *If you don’t see the above video, navigate to TIMM (https://mentormarket.io/profile/@workin2005) or Steemit in order to watch.*

**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*
## **If you found this post informative, please:**
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**Open an Account on Binance here:**
*https://www.binance.com/?ref=16878853*

**Support the Crypto Ecosystem with Brave Browser:**
*https://brave.com/wor485*

**Twitter handle is @Workin2005 and Facebook is https://www.facebook.com/Workin2005**

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authorworkin2005
permlinkeos-technical-analysis-the-bulls-hold-on-for-now
categorycryptocurrency
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created2018-10-17 22:11:51
last_update2018-10-17 22:11:51
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