Explanation: Currently in its 2nd consecutive bear flag and the green support line is now resistance.
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Also if you follow me you should have seen my post to short EOSUSD now, but b/c of BTCUSD bullish pattern (see my other post) I remain neutral. Bulls need to be VERY strong.
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so far we did not retrace too far from the 2nd bear flag, but we did get rejected by the green trend line again. It looks like we may have bottomed around $7
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Still holding my bag (no stop loss as I add it to my mid term or long term portfolio if short term does not immediate pan out) EOSUSD is very volatile lately and should be back to recent highs (8.50) sometime soon but I am expecting to hold for at least 1 week and up to 4