InvestingScope

EOSUSD: Sideways within the Triangle until 5.20 breaks.

We have a Triangle extension on 1D (RSI = 46.476, Highs/Lows = 0.0000) as EOS is still consolidating still with more bearish bias though (MACD = -0.019, B/BP = -0.0404). This neutral variance is approaching the end of its pattern as it meets with the 1W Channel Down (RSI = 43.723) near the end of the month - beginning of November. That is why we remain short on EOSUSD with TP = 3.8925 and 1.6921 in extension.

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