The first critical point = 7.0870 has been crossed and the first curve has been broken. However as you see on the chart, EOSUSD is again consolidating (ADX = 33.507) supported by a new eclipse pattern but still within the 1D Channel Down (RSI = 38.118, MACD = -0.336, Highs/Lows = -0.3314, B/BP = -0.7181). If 7.4356 holds as a Resistance, then I expect the eclipse to break and cross the final bearish confirmation point = 6.5500. We expect an accelerated fall from then, therefore staying short with TP = 5.9782 and 3.8925 in extension.
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Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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.