This cross is absolutely oversold, the cross after a long trend break the trendline.
Now is deeply oversold and i expect a violend pullback to the upperside of the trendline
the price is approacing the ascending trendline.
I sugged a long position on this cross.
Important movement may occurs
The same will occurs for eosbtc and eosusd that have a similar situation
The time frame of eos is very short. The analyzes are therefore very fragile. I see two possible trend channels just now (down red/green an up pink/purple). Point 1: Here could be a first up, if the resistance will break. Point 2: Here could be also an up later. For me 2 is more possible, because we should see 23.6 fibo bottom.
Let's see what happens. Happy trading. :-)
