Have we seen the end of the correction for EOS? The longterm linear trendline needs to hold for this to be even possible. Let's see!
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Breaking out guys!
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Didn't mention the bullish divergence on a daily time frame. Hereby!
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Bear or bull?
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Consider this weekly cross as well guys!
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EOS hit resistance (yellow rectangle) on the 4h timeframe. We could see a retrace now. Besides, the blue line is the log trend line
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The resistance I mentioned in my previous update coincides with the second Fibonacci level resistance. The upcoming levels can all be considered as resistance as well as the previous ones can be considered as support.
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The right shoulder perfectly coincides with the linear trendline (dashed one in my original post). Let's see how it develops!
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A symmetrical triangle has formed on the 4h timeframe. Let's see which side it breaks through!
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It got rejected at the log trend line. The inverse head&shoulders is still in play though. Let's see whether it is able to break both log trend line and $9.4 resistance
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.