Here we have the daily golden cross on EOS starting to appear. Price action is maintaining a bullish posturing above the 21E while the 50/55E crosses up and over the 200E. Price action tested the area in which the cross is occurring a few days back and we can see that the last time this signature occurred back in February of this year the asset had a significant increase as shown. Similar results in price action from this cross would put the price action back into the next resistance area above (plotted in pink). We can see this pink area has been tested once before recently when price action was rejected down to test the area of the daily golden cross. I'll be looking for the 2.82 level to hold and my indicators to signal an good entry on the mid to high time frames before entering into a swing long position.
-Safe Tades and Happy HODLing-
-Safe Tades and Happy HODLing-