Since the start of 2020, price has been chopping upwards into resistance for EOS. The purple line is the point of control. A break above, and I would be bullish to at least the yellow level.
Above there, the orange level would be the likeliest region for a bearish retest. As long as we can hold the yellow level, I am bullish for continuation.
Conversely, a break below the black line would stop out this trade before seeing further downside.
Until then, we are at the moment of truth. We'll see how this one unfolds!
Above there, the orange level would be the likeliest region for a bearish retest. As long as we can hold the yellow level, I am bullish for continuation.
Conversely, a break below the black line would stop out this trade before seeing further downside.
Until then, we are at the moment of truth. We'll see how this one unfolds!