EOS Cup&Handle - 1/19/18
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EOS
RSI @ 75.4, indicating oversold territory.
MACD remain narrow, indicating a breakout.
Bollinger Bands have widened, but look to be narrowing as a breakout becomes more likely during the formation of the handle.
Cup and Handle formation assumes Bullish movements ahead, we will likely see a retrace during the formation of the handle, only to follow a bullish breakout into all time high territories.
Your thoughts??
RSI @ 75.4, indicating oversold territory.
MACD remain narrow, indicating a breakout.
Bollinger Bands have widened, but look to be narrowing as a breakout becomes more likely during the formation of the handle.
Cup and Handle formation assumes Bullish movements ahead, we will likely see a retrace during the formation of the handle, only to follow a bullish breakout into all time high territories.
Your thoughts??
Nota
EOS seems to be pushing upwards passed Bollinger bands.Also close to passing upper handle and breaking out upward, signaling a potential bullish movement.
Nota
Bollinger Bands nice and wide as breakout proceeds to pass upper handle.Nota
My Mistake, RSI @ 75 means overbought, not oversold*****
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