EOS Running Aggressively

Price Analysis

Right now the price of EOS is $8.03. EOS can soon touch $9.6. Like other coins, it is also trading way above the trend line. The trend seems bullish for the long term. The trend seems to have the momentum to reach $9.6. Globalxchange. Volumes are also satisfactory. Due to a big swing price can drop for the next few days.

RSI is near the overbought zone. The current value of RSI is 71.7. Stochastic is also trading in the overbought zone. MACD is showing there is still momentum in the trend. It is a positive signal for the EOS market. Ichimoku cloud is indicating a bullish trend in the market. Conversion Line is moving above the baseline. Globalexchange.

Strategy

Price already above the support level. Next target for EOS will be $9.6. Chances of price to slip to $6.43 or to reach $9.6 are almost equal. As price is reaching its upper trend line, we can see a small correction in the trend. In correction price level of around $7 can be seen. Globalxchange.

To take a profitable position wait for the correction. Taking position before the correction will increase the risk/reward ratio. Global exchange. If the same momentum continued target can be achieved in the next few weeks.