The 9.3064 Resistance Target was hit and as expected EOS has been rejected and is already trading lower on 1H (Highs/Lows = -0.0338, B/BP = -0.1074). 4H is still neutral (RSI =56.582, CCI = -35.8743, Highs/Lows = 0.000) due to the consolidation we talked about on the last report. Now that this sideways movement is completed, and EOSUSD was rejected near the 1D Lower High point, the 1D Channel Down (MACD = -0.829, ROC = -16.293, oversold STOCH, Williams, Ultimate Oscillator) will start applying selling pressure again. TP = 5.9782.
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.