Critical Resistance: $6.490
Key Resistance: $5.650
Key Support: $4.670
Critical Support: $3.872
This EOS market busted through a near-term dotted trend line to the upside, but with not a ton of momentum to back it up (yet). The Average Directional Index (ADX) line has slipped lower, but is still in a trend building zone. The green positive directional index line is creeping higher, which is a possibility for the bulls to come back into the market with buying interest this week to gain some footing for a nice run.
The $5.65 level is key resistance and the target to watch this week. A break above this level, with momentum to back it, should send the market straight to critical resistance at the red 50-day exponential moving average (EMA).
We recommend a light buy here. And more buying on a break of the 50-day EMA to the upside. Happy Trading!
More info at CryptoMarket360!
Key Resistance: $5.650
Key Support: $4.670
Critical Support: $3.872
This EOS market busted through a near-term dotted trend line to the upside, but with not a ton of momentum to back it up (yet). The Average Directional Index (ADX) line has slipped lower, but is still in a trend building zone. The green positive directional index line is creeping higher, which is a possibility for the bulls to come back into the market with buying interest this week to gain some footing for a nice run.
The $5.65 level is key resistance and the target to watch this week. A break above this level, with momentum to back it, should send the market straight to critical resistance at the red 50-day exponential moving average (EMA).
We recommend a light buy here. And more buying on a break of the 50-day EMA to the upside. Happy Trading!
More info at CryptoMarket360!
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.