EOS looked to be in the clear after breaking above the EMAs and triangle pattern but was punched in the face yesterday night. EOS not only returned into the triangle but also returned all the way down to the support trendline before bouncing on a strong support zone . We must maintain price above this level as a close below will turn this into resistance and we might struggle to get back above, which could mean new lows.
Keep an eye on Bitcoin -4.80% here is crucial as well as the stock market as both seem to be very correlated at the moment.
Thanks guys!
Keep an eye on Bitcoin -4.80% here is crucial as well as the stock market as both seem to be very correlated at the moment.
Thanks guys!