EOS broke down and out of a bearish rising wedge and seems to be looking for support. I’m watching the prior order block around the $5.26 support for a possible bounce/reversal.
Zooming out on the daily chart, we can see EOS continues to trade within a tighter and tighter range.
Price was rejected at the 21 day EMA on the daily, and just dropped below the 8 day EMA.
In today’s video analysis I discuss, where price may go from here, how I’m trading EOS, market psychology and so 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.