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MWCarter
Feb 5, 2020 4:39 AM

EOS Breakout Soon? Long

EOS / BitcoinBinance

Description

Since the start of 2020, price has been chopping upwards into resistance for EOS. The purple line is the point of control. A break above, and I would be bullish to at least the yellow level.

Above there, the orange level would be the likeliest region for a bearish retest. As long as we can hold the yellow level, I am bullish for continuation.

Conversely, a break below the black line would stop out this trade before seeing further downside.

Until then, we are at the moment of truth. We'll see how this one unfolds!
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