EOS, one of the best projects in crypto currency space, recently broke it’s bearish trend line which started in May 2018 from it’s all time High. EOS marked it’s all time High $22 in May 2018 when the coin was so much hyped in social media.
Since then, the price of EOS was comsistently sliding with all other crypto currencies. EOS broke it’s Bearish Trendline on August 26th, 2018. The coin price bounced from the level which acted as support earlier in March this Year. It was a significant Breakout followed by some Bullish Candles.
In September, Price of coin sustained above the previous resistance level which indicates divergence. As the RSI showing upward momentum, EOS may break resistance line sooner than later.
I’m neutral until the Coin breaks Green line (200DMA)
Short Term Traders may buy this coin with setting stop loss below the support line and take profit near 200 DMA resistance level.