What's the situation on the crypto market? Well..not so long ago, we could see some big moves out from the descending trend lines in such crpytos as ETC, BCH, DASH , BSV..even BTC..which is somehow dictates the direction to the cryptocurrency market (check one of my previous posts of BTC, BCH or ETC). In one word - the market is bullish.
Techincally speaking at...
BITFINEX:EOSUSD
EOSUSD Been in a descending channel for some time now, and is currently sitting at a major level of support.
EOS may break out of the descending channel and begin an uptrend, or it may break it's support and continue downwards.
I think it will break the downtrend.