After rejecting the resistance zone of 3.8 for the 4th time, with a bearish engulfing candle, EOS is making its 4th touch on an ascending channel and might break it to the downside.
-RSI is making a bearish divergence;
-If the ascending channel is broken, the next target should be the Support Zone around 2.3;
-For a safer entry, wait for the break of the channel and 50 EMA and get in on the retest.
Remember this is not financial advice.
-RSI is making a bearish divergence;
-If the ascending channel is broken, the next target should be the Support Zone around 2.3;
-For a safer entry, wait for the break of the channel and 50 EMA and get in on the retest.
Remember this is not financial advice.