A Short Term Look At EOS | EOSUSD
EOS has been dropping for a while now, but I don't see it dropping much further.
We're in a correction right now. It has reached the .618 fib level as well as higher lows on the the MACD, while having lower lows on the price chart (My 11 Groundrules for Trading).
This indicates to me that the sideways correction is getting to its end and I'm looking for another leg up. I'm looking for this leg up to rise above the April 29th high of $23.02.
Of course I could be wrong.
Joël
To find out why this is what I see in the charts, check out Anil Mangal's Youtube channel.
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