EOS
Short

Target hit. Consolidation before further downside.

498
TP = 7.4356 hit earlier that expected, as the 4H Channel Down (RSI = 40.255, MACD = -0.420, B/BP = -0.3270) declined further. EOSUSD will be now looking for a 1 day consolidation, which will either lead to a 9.3064 Resistance test and rejection or further downside towards out next TP = 5.9782. As long as 1D trades within the well defined bands of its Channel Down (RSI = 31.379, Highs/Lows = -1.2018, B/BP = -3.1046, MACD = -1.203), SOER will be our primary approach.

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