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3 December 2019 - EOS/ EUR – 5-minute

3 December 2019 - EOS/ EUR – 5-minute

In this 5-minute chart of EOS/ Euro (EOS/ EUR), there is an appreciating range from 2.49 to 2.549.

We can see that after the appreciation, the market depreciated to the 2.504 level (identified by the blue up arrow), right around the 2.503924 level that represents the 76.4% retracement of the appreciating range.

We can see the market then appreciated to the 2.535 level (identified by the red down arrow), right around the 2.535076 level that represents the 23.6% retracement of the appreciating range.

Using RSI, we can see that RSI (14) and RSI Average (3) both had positive slopes after the market traded as low as the 2.504 level. We can also see RSI (14) had a negative slope after the market peaked at the 2.535 level, indicating a possible reversal.

Using Slow Stochastics, we can see Stochastics K bullishly crossed above Stochastics D after the market traded as low as 2.504. We can also see the slopes of both Stochastics K and Stochastics D continue to be positive with Stochastics K indicating more than Stochastics D. This suggests the appreciation may continue.


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