EOSUSD Medium-term Trend: Bullish
Supply levels: $20.0, $19.5, $19.0
Demand levels: $17.0, $17.5, $18.0
The EOSUSD pair was in a ranging market yesterday. Today, the price in a bullish trend and a trend line is showing the support levels. The 20-day moving average is above the 50-day one indicating that price is rising. The relative strength index period 14 is level 63, indicating that the price is in a bullish trend zone.
Meanwhile, the price is expected to reach $20. Today, EOSUSD pair is trading at $18.41
EOSUSD Short-term Trend: Bullish
In the daily chart, EOS price is in a smooth uptrend. First of all, the price is making a series of higher highs and higher lows. A bullish trend line is showing the support levels where traders can place their long trades. If you want to place long trades in an uptrend you can follow the bullish trend line. All the retracement or pullbacks on the trend line are support levels where you can place long orders.
Your stop loss should always be below the trend line. You should adopt a trailing stop instead of taking profit in an uptrend.
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