EOS can be seen trading above its June 2022 low, which is a signal of strength. This level has been tested multiple times since May and continues to hold, this is the key.
As long as EOSUSD stays above this level, we are 300% bullish. We continue bullish even if a drop happens below this level since we have the Nov. 2022 low as support.
We should see a resumption of the bullish cycle that started in November soon.
This is another great setup. Low risk with a very strong potential to the upside.