The EOS/USD continues to pressure the first warning line (wl1) of the ascending pitchfork. It could still increase again if it will stay above this line. Personally, I believe that we may have an important upside movement if the rate will have enough directional energy to make a valid breakout above the 250% Fibonacci line. However, a valid breakdown below the wl1 will signal a further drop at least till the upper median line (uml) of the minor ascending pitchfork.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.