EOS Daily Dose 3/15/19
EOS has dodged a major bullet. Yesterday, I had written that we might have a downward cross of EMA1 and EMA2 which would have been potentially disastrous but the lines diverged instead, creating a pump versus a dump. EOS has already made gains of 10% in a day so a retracement is likely as well. I am looking for a test of the upper trend line of this rising wedge between $4.2-$4.4. This is in line with the VPVR so I still expect a pump but even at the current price of $3.87 there could be a possible healthy micro retracement within the next few hours, so if you’re long EOS right now, below $3.70 I would still hold.
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