Johnny_wa

EOS/USDT Should See a Short Term Turn Around to Broken Support

Long
BINANCE:EOSUSDT   EOS / TetherUS
EOS/USDT has had three legs down with out any kind of rebound. When prices move in either direction very quickly, the same move in the opposite direction is completely reasonable. So far we have not had any correction to the upside. Currently we are sitting at support and bullish divergence is showing on the 4H and 1H chart. I have no way of telling where the bounce will be for sure but if we don't bounce here I'm looking at the yellow box, which is admittedly comically large. Regardless of where we bounce there's a very good chance we will make it back up to where we broke support at $4.49. EOS typically does a good job of retesting broken support so I wont be surprised if we hit that level in the following weeks. From there it's anyone's guess but I would assume further downside.
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