#Eos update: Bullish & bearish view #eosusd #crypto

#Eos failed attempt to break above triangle trendline and 38.2fib resistance of the 1-5move down.

Currently eos is supported by cloud, Ts and 38.2fib of the C wave

We can expect a y wave downwards, if eos breaks below 13.65-13.5 region.

Bullish view if eos manages to break above 38.2fib resistance:15.2 then it will target 16.7-17 region around the 50fib resistance

Comment:

#EOS dropping below the cloud support after forming a pair of bearish candles in 1D time frame around important support levels.

EOS dipped 9% following btc's price action, since final closing hr.

Currently supported by Ts and 20DMA at 12.94 and facing resistance at the 50fib, 100SMA & cloud in 4H t-f: 13.10