EOS is STRUGGLING
Updated
Hey there,
Looks like price formed a double top earlier this week, and price has not been able to follow through for a third wind.
EOS could be in for a rough week as price now looks at the lower support line (blue)
The coin fell below the EMA, and is struggling to recover.
The RSI does not show any divergence, and the only noticeable support could be from the next fib level
For EOS to recover, we would need to see more volume and a bullish crossover over the EMA.
It might be a good call to place a short down to the .382 fib level with a trailing stop loss of $.4 (This is just in case it bounces off of the next fib level).
The coin could then bounce off of the lower resistance and we will have some extra cash to play the next bull move!
-Block
Note
Update: The position has been filled as EOS teases the right resistance line. Looks like a great place to call in the gains and close the short!-Block
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