EOS Bulls have broken through the Resistance at $3.40; now the price is retesting this level from above.
* EOS seems to be losing traction after a short run to as high as $3.70 level.
* At that point of reversal, the price has faced with the upper band of the mid-term descending trend channel.
* It is now well-supported from below, with: strong horizontal support at $3.40 and 21 Daily at $3.30.
* Hence, the scenario could be validated only if the price closes below 21EMA.
* But we think that $3.40 will be successfully maintained with the Bulls recapturing the initiative and driving prices to the next target area of $4.20 - $4.50.
Pending trade signal
Buy @ $3.40.
Target area: $4.20 - $4.50.
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GOOD LUCK AND LOTS OF PROFITS !!
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