Look Out For an EOS Reversal
EOS has recently had a daily candle with most volume it has ever recorded in a day.
It was on a sell candle, but it wasn't even a bearish engulfing candling, and it didn't even put EOS below support.
This indicates a massive amount of buyers are in this market right now.
It is too early to call a reversal, however we should definitely be looking for some more signs of one.
Making some higher highs and higher lows on the 4 hour would be a good start.
In the case of a reversal, the MACD and RSI are leaving plenty of room for a price increase.
Zoom in on this chart yourself and have a look.
It was on a sell candle, but it wasn't even a bearish engulfing candling, and it didn't even put EOS below support.
This indicates a massive amount of buyers are in this market right now.
It is too early to call a reversal, however we should definitely be looking for some more signs of one.
Making some higher highs and higher lows on the 4 hour would be a good start.
In the case of a reversal, the MACD and RSI are leaving plenty of room for a price increase.
Zoom in on this chart yourself and have a look.
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