$EOS Looking Extremely Bearish

Jun 22, 2018

Today EOS broke downwards on the equilateral triangle it had been forming. Also, the bollinger bands had gotten pretty tight, and have begun to expand on a bearish candle which is never a positive sign. The obvious target is outlined with the horizontal line and the grey box. I think given the fundamentals surrounding the EOS launch, and the crazy explosion it has had this year, EOS is in for much more downfall. Any run as big as EOS's has been this year always has a hard fall and I think we have seen the top for at least some time and a bearish cycle in store. Short was opened at 0.0015742 and I will look to close at .0013177. After I expect some consolidation and I will reopen the short on confirmation of the break of support at .0013177.