CryptoComes

EOS/USD Shooting Star Pattern

KRAKEN:EOSUSD   EOS
Ripple started to grow the last week and develops this tendency currently. I personally think that the currency pair is likely to develop this tendency in the nearest future.

EOS has reached the resistance area at $8.95 on Tuesday, but failed to jump over it. I can see the clear signal on the daily chart, which indicates that the currency pair is likely to make another downside move before going further upside.
Why do I think that EOS/USD is likely to decline before growing higher? I have market the Shooting Star there. I think that another test of the support area at $6.84 is possible before going higher. However, the situation may change and he price will start off from the current level or slightly below it.

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