After a significant bull run EOS been has consolidating for 3 days and while there's still lower higs in place, there are a couple good signs for continuation to the upside: declining bear volume as we go down, and the descending wedge formation which shows that on every dump, the price decreased less than the one before.
Right now the price action has found support at the 0.618 retrace, which is another sign that suggests a break to the upside is coming soon. There's a 4 hour inside bar that's almost closed and a bull break is the entry sign in my opinion.
I am not an investment advisor, this analysis is provided for educational purposes only.
Right now the price action has found support at the 0.618 retrace, which is another sign that suggests a break to the upside is coming soon. There's a 4 hour inside bar that's almost closed and a bull break is the entry sign in my opinion.
I am not an investment advisor, this analysis is provided for educational purposes only.