EOS Downtrend Line Broken. What is next?

Eos has finally broken the downtrend line from ATH. Need to close above it now. Bullish MACD crossover on daily and 4h. Price has moved above Ichimoku cloud as well. Target being cautiously optimistic is still 18$. I have observed a lot of accumulation as well as distribution over the past few days so the signals are confusing. Also expecting a dump after main net launch. If I wasn't already long I would'nt have touched this asset at this point. Price will come to $8 levels or may be even lower in the coming few days.

Best of luck and this is not a financial advice.

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The chart is in Log scale for anyone who is wondering.

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Once we clear the resistance at 14.50, there really isn't any resistance until $18.00. RSi oversold on smaller time frames but we have a lot of room to go up on the daily.

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Previous idea

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Position closed at 14.99. Will re-add around 13.50-13.75

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I opened a new position at 14.50 ( I didn't want to but I gave into my emotions). Anyways, I opened it looking at the shorts which are close to all time high and it will be an epic squeeze. We keep trying to break 15.50 and I am preety sure the third time we will.

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We are in an ascending triangle, which is a bullish formation and usually means continuation of trend. Triangle's upside target is $17.3

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Triangle broke to the downside. My SL was hit unfortunately. It looks like it wants to retrace to $12.75-$13.00 support. A small bounce at 13.75 may be.

DocAMG

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DocAMG