EOS/USDT Break the Resistance Level, Bullish Momentum ??? Yello Paradisers, Interesting Coin! #EOS
💎 EOS has breached the resistance level on a shorter timeframe. Observing the indicators, EOS appears to be significantly oversold on the weekly chart, hinting at a potential upward trajectory towards the supply zone.
💎 Another positive sign is that the target for the Bearish Flag has been met, suggesting the start of accumulation and a likely upward shift for EOS.
💎 On closer inspection of the key support zone, EOS seems to be forming a Double Bottom pattern. The key resistance zone acts as the neckline for this pattern. This resistance is crucial; if EOS surpasses it, there's a clear path to the Bearish OB zone, possibly even reaching the robust supply area.
💎 This analysis would be nullified if EOS breaks below the key support zone and closes there on a daily basis.
