EOS (EOS): Looking For Rejection And Movement To Lower Zones
Updated
EOS is looking sweet after forming 2 double bottom zones and getting rejected by that neckline/resistance zone, which now has pushed the price back to lower zones.
We are looking for steady and steep pressure from sellers from now on, which would result in a movement to the zone of liquidity and a break of that zone there as well!
Swallow Team
We are looking for steady and steep pressure from sellers from now on, which would result in a movement to the zone of liquidity and a break of that zone there as well!
Swallow Team
Note
EOS is showing some bullish signs, attempting to breakout from the local resistance zone.
As this is a single 4-hour candle, we are monitoring the closing price of that candle in order to determine if this breakout is legit or not.
For now, we wait and keep an eye on that resistance zone + candle!
Note
EOS has been stopped near the neckline zone, which is still giving us a chance for rejection to happen near that zone.
As we hover near the neckline zone, we wait for confirmation rejection, which would lead the price to fall to the fall to the lower liquidity zone. We wait!
🚨 Authentic Mentoring
⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
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.