Have we seen the end of the correction for EOS? The longterm linear trendline needs to hold for this to be even possible. Let's see!
코멘트:
Breaking out guys!
코멘트:
Didn't mention the bullish divergence on a daily time frame. Hereby!
코멘트:
Bear or bull?
코멘트:
Consider this weekly cross as well guys!
코멘트:
EOS hit resistance (yellow rectangle) on the 4h timeframe. We could see a retrace now. Besides, the blue line is the log trend line
코멘트:
The resistance I mentioned in my previous update coincides with the second Fibonacci level resistance. The upcoming levels can all be considered as resistance as well as the previous ones can be considered as support.
코멘트:
The right shoulder perfectly coincides with the linear trendline (dashed one in my original post). Let's see how it develops!
코멘트:
A symmetrical triangle has formed on the 4h timeframe. Let's see which side it breaks through!
코멘트:
It got rejected at the log trend line. The inverse head&shoulders is still in play though. Let's see whether it is able to break both log trend line and $9.4 resistance