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EOS Technical Analysis: AUGUST 20, 2018

EOS Technical Analysis

From the News

  • Huobi Global resumes EOS withdrawal after earlier suspension citing insufficient CPU resources.

Technical Analysis

EOS Technical Analysis

EOS Daily Chart by Trading View

Two days after the conclusion of that three-bar reversal pattern we mentioned in our last EOS trade plan, upsides are unexpectedly limited.

Notice that EOS prices are still consolidating inside Aug 17 bullish engulfing high low but are likely to edge higher this week providing opportunities for short traders to load up positions at $7, our immediate resistance line and previous break out level.

Remember, despite these higher highs, bears are overwhelmingly in charge considering the last two or three months trend.


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