EOS has more bearishness than bullishness
Chart looks almost same as Algo or Atom but if you look closer there is more weaknesses on EOS.
On 1W timeframe you can see that price found strong resistance at 2 year resistance level. RSI moved above 70 but couldn't find any support there and dropped back to 50. Dropping below RSI 50 will lead to huge price drop.
There is bullish divergence on 1-2W RSI however price made lower-low. If price will create a higher low in coming weeks then it could make another attempt to break this 1.2$ resistance. But i feel that it will move how i drew it.
On 1W timeframe you can see that price found strong resistance at 2 year resistance level. RSI moved above 70 but couldn't find any support there and dropped back to 50. Dropping below RSI 50 will lead to huge price drop.
There is bullish divergence on 1-2W RSI however price made lower-low. If price will create a higher low in coming weeks then it could make another attempt to break this 1.2$ resistance. But i feel that it will move how i drew it.
Nota
On 1Month chart there is a hidden bearish divergence
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