#EOS: bullish on the shorter term?

The #BTC has been undergoing lateralization for days, while the #crypto market is dominated by #altcoin, like the # EOS whose price chart seems to indicate an uptrend in the short term.

Let’s start immediately with image 1 containing the price chart:

Image 1: tradingview – 2018-08-06 – timeframe 4h – eos / btc

We can see how:

  • The price chart remains above the EMA 50 (blue line);
  • The RSI has a bullish trend in accordance with prices;
  • The ADX seems almost to suggest a phase of lateralization, so care must be taken;

Ultimately there seems to be an upward trend in the short term.

A possible example of trading is to enter long, by closing the stop stop the EMA 50 with little stop. A possible gain could be around + 10% of the current price.

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