In this 5-minute chart of EOS/ United States dollar (EOS/USD), there is a depreciation from 3.55 to 3.45.
Another range we can see is the appreciation from the 3.450 level to the 3.498 level.
We can see the price depreciated to and tested the 3.349 level (identified by the blue up arrow), with the 3.435 area representing the 50.0% retracement of that range.
We can see that price activity then appreciated and tested the 3.464 level (identified by the first red down arrow), right around the 61.8% retracement of the depreciating range.
We can also see that price activity continued to appreciate and tested the 3.50 level (identified by the second red down arrow), right around the 76.4% retracement of the depreciating range.
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Original Post: 10 November 2019 – EOS/USD – 5 minutes