On this post, we have made a full analysis on 3 timeframes of EOS and we developed a trade idea that is not confirmed yet, but we will wait for that formation
Let's start on the Daily Chart: a)The ascending trendline was broken b)Currently, the price is below a Support / Resistance zone c)We can see a Flag pattern against the Broken trendline and the Resistance Zone d)Flag patterns are considered continuation structures
Now let's take a look to the Weekly Chart
Trade Idea on 4hs, this is what we will be waiting for, before taking a short setup
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.