The short term technical picture for EOS improved a lot over the last few hours. EOS bounced nicely at the former bottom, formed on the 20th of July. This bounce was supported by the positive crossing of the 10 and 20 day moving averages, a move above the middle exponential Bollinger band and positive signals in the MACD.
Currently EOS is having a small pullback to get out of overbought territory in RSI, but still sitting nicely above the 10 day moving average.
To confirm this move as a continuation of the uptrend I would like to see a positive crossing in the 10 and 20 day moving averages in the 4hr graph. So far this hasnt materialised yet, although the RSI is trending upwards and MACD is moving nicely towards a positive signal.
My short term recommendation is buy, with a stoploss at the middle Bollinger band.
