We do not have a broken downtrend
This EOS is a tricky beast. tends to pick new trend lines without notice.
Looks like the bearish action today is the result of a continuation in the downtrend. 1.8 was not enough to break it out.
Once we break the yellow downtrend, I expect a similar uptrend. Good Luck!
Looks like the bearish action today is the result of a continuation in the downtrend. 1.8 was not enough to break it out.
Once we break the yellow downtrend, I expect a similar uptrend. Good Luck!
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Disclaimer
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.