In this 15-minute chart of EOS/ Euro (EOS/ EUR), there is an appreciating range from 2.365 to 2.408.
The market traded above the 14-bar Simple Moving Average.
The market then depreciated to the 2.382 level (identified by the blue up arrow), just above the 2.381426 area that represents the 61.8% retracement of the appreciating range.
Using RSI, we can observe the slopes of RSI (14) and RSI Average (3) are negative, indicating the market’s appreciation may be slowing.
Using Slow Stochastics, we can see that Stochastics K is indicating above Stochastics D. The slopes of both Stochastics K and Stochastics D are positive, suggesting price appreciation may continue.
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