InvestingScope

Entering Channel Down

Short
We have had to hold the shorts a little longer as the break out was posteponed until yesterday. EOS will now be entering the expected "harmonizing" Channel Down on 4H (ADX = 30.917, RSI = 53.158) as the rejection off the Lower High (as seen on the chart) is similar to the break-down of last February. 1D MACD = -0.061 still points lower and 1H has alread yentered a controlled decline (B/BP = -0.0280). We have to update the TP set: 8.8641 and 7.4356 (the extension TP will be with the SL on profit margin).

Telegram: t.me/investingscope
www.investingscope.com

Over 65% accuracy on Private Signals Channel.

Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.

Free Channel: t.me/investingscopeofficial
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.