Has you know, EOS has been getting squeezed creating a series of lower highs and higher lows. We can see an ascending support line has formed, creating a smaller wedge within the larger wedge. As it reaches the apex, a decision will have to be made. This pattern of lower highs and higher lows obviously can’t continue.
The 1 day RSI reveals another ascending support that’s formed. If this support breaks, we may see price drop and test the $5.57 support.
In today’s video analysis, I discuss where price may go from here, traps to avoid and MUCH more. I hope you find it helpful.
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!
Disclaimer: I am NOT a financial advisor and this is NOT financial advice. Please always do your own research before investing.