EOS has shown strength during this bearish season. There are some bullish signals like the formation of pin bars at a significant price level. RSI is also bullish and oversold. Sellers also show signs of volume exhaustion with the appearance of new buyers. Target levels as shown. GL
Am not seeing it. Look at the 3-day chart, Symmetrical triangle started by downtrend, RSI & Stochastic both Mehhh, I'd wait until we test the second resistance level indicated below. Or at least wait until breaking out of triangle to confirm bullish trend.
without_worries
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@without_worries, The blue vertical line indicates when EOS is going down, December 18th or there about.
without_worries
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@without_worries, but it could break up! Not saying it won't, just waiting for confirmation....
roosgart
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@without_worries, Thanks for your insights, agree on be cautious on this bear market, we can wait for confirmation as shown in this chart, GL mate
without_worries
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As predicted, a break to the downside. Have been really burnt in the past ignoring descending triangles. Matter of waiting to see where support will be found I guess.
roosgart
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@without_worries, good call, let's see what level of support holds