AlexCH

EOSUSD - A daily close below $7.00 range will be detrimental

BITFINEX:EOSUSD   EOS / Dollar
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EOS has broken below channel support referenced from the two highs. The .786 ret has also been broken.

Now the price action is approaching an interesting level as labelled by the green line. The price has interacted with this level multiple times. We should at least see some side way actions or minor bounce if this level is still significant.

The level was not respected during the april break, so there is also a chance that we shoot right below.

RSI wise, we are approaching the two lows on the daily. We should expect some buyers at this RSI level.

I also added a dotted trendline that is rather subjective. It may serve minor importance, but just take it as a grain of salt.

If these supports don't hold the market, we can aim for sub $6 on EOSUSD .
Trade active: looks extremely bullish

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