EOS currently sitting on top of the 55 ema and on support on the RSI . Because we are finding support on this candle and the previous candle I think it's a good chance will retest the previous high. There is however a chance we are only able to get a small 5% bounce from here so be sure to monitor your trade. If we do end up breaking through the 55 ema then the next support level is the 100 ema in purple along with the rising trend line .
Jumped up 4%-5% after post. Retracing back to retest the 55 ema.
Seeing some bearish divergence on the 1 hour chart. Be cautious
If we breakdown target the rising red trend line in the original post
Trade closed: target reached:
Another perfectly hit target