Not financial advice.
EOS on the EUR chart has now broken out of its downward spiral after 84 Days of downward price action and goes back down for a retest of the 50 EMA and holds this as support and bounces off from it on the 12H time frames. This is extremely bullish for me, and EOS is still in a good technical accumulation zone here. Once we break out from the 100 EMA and close above, then we can expect a nice move upwards towards the 3 - 4 Euro's.
IF, we fail to break above the 100 EMA line and close above, then we can very much easily fall back down into the falling wedge and consolidate further until the breakout gets confirmed.
EOS on the EUR chart has now broken out of its downward spiral after 84 Days of downward price action and goes back down for a retest of the 50 EMA and holds this as support and bounces off from it on the 12H time frames. This is extremely bullish for me, and EOS is still in a good technical accumulation zone here. Once we break out from the 100 EMA and close above, then we can expect a nice move upwards towards the 3 - 4 Euro's.
IF, we fail to break above the 100 EMA line and close above, then we can very much easily fall back down into the falling wedge and consolidate further until the breakout gets confirmed.