EOS - Major bear flag if the price can't breakout

We have a yellow channel in the Weekly whose top is coinciding with a support line that is acting as resistance now, if this pattern plays out, the target appears to be the previous bottom where there is support. RSI is also reaching the midway mark where it was rejected previously

However, breaking above this zone would be very bullish

Note

What a fakeout. Fooled me also when price appeared to be breaking out of the red resistance zone

It was just a wick and we are back in the channel. RSI resistance (blue line) also helped

Note

And its back in the channel

imkeshav

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