EOSUSD: Triangle still intact. Wait for break out point.

The 1D Triangle on EOS has been extending the neutral trade mainly due to the High Volatility on 1D (ATR = 0.1830). The consolidation has been so long (since the August 14 bottom) that even 1W has started to display neutral values as well (STOCHRSI = 49.181, CCI = -47.7502, Highs/Lows = 0.0000). This indicates that trading EOSUSD can only be carried out by waiting for either the Resistance or Support levels to break out. This way the Lower High or Higher Low sequences respectively break and trades can be opened (long) towards the next Resistance or (short) towards the next Support level. Those levels are illustrated in orange. If no breakout takes place, then next month the Triangle will naturally complete the pattern and follow the overall long term bearish trend lower (3.8925 and below even).




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