EOS
Long

EOS - dip before bounce? Great buying opportunity

1337
EOS has been showing bearish divergence and has broken down.

It is currently sitting on a key support level at 0.38 fib. If this level breaks down expect it to drop to the 0.618-0.65 fib level. This area is known as the golden pocket and coincides with an area that has high liquidity. Many people will have stop losses on their longs set in this area.

This area also lines up with the 200 EMA.

Set bids in this area and walk away.

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.