EOS is being squeezed between the all time uptrend line (green) and the bearish downtrend line since the ATH (black).
Decision time is coming very soon.
Watch the price action closely when these lines are touched and be ready to act.
Buy or sell the breach for a more aggressive trade.
Buy or sell when the line is tested after breach for a more conservative trade.
Decision time is coming very soon.
Watch the price action closely when these lines are touched and be ready to act.
Buy or sell the breach for a more aggressive trade.
Buy or sell when the line is tested after breach for a more conservative trade.
Comment:
Volume came and we shoot a bit up.
We are getting closer and closer to the black downtrend line.
It could shoot up straight trough or bounce back to the 8.3 support or lower to the green uptrend line.
those are the 3 areas to watch closely (both trendlines and 8.3 support where we already bounced twice).
No decision yet.
Volume came and we shoot a bit up.
We are getting closer and closer to the black downtrend line.
It could shoot up straight trough or bounce back to the 8.3 support or lower to the green uptrend line.
those are the 3 areas to watch closely (both trendlines and 8.3 support where we already bounced twice).
No decision yet.
EOS bouncing on the 8.3 resistance which now became support.
If 8.3 holds as it currently is we could see some volume and sharp move up.