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Long

Emergence of a new trend for EOS

BITFINEX:EOSUSD   EOS / Dollar
Hello, Traders!
Monfex is at your service and today we overview EOS/USD.

There is a medium-term resistance for the EOS of about $ 3.95 , upon reaching which the EOS will break through the global resistance lines.
Locally, there is a falling wedge and a downward channel . Breakout of $ 4 will confirmation of bullish trend .
Before the end of the year RSI will have left the oversold zone.
Perhaps recently, a large second(2) wave of the Elliott (12345-ABC) Waves was ended at a large support line and the third(3) long wave begins.

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Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Comment: bullish div on MACD at daily chart
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