Eosusdt Daily. looking bearishBullish structure broke down from price 2.70 which was a critical level.
Reasons:
1. Rsi divergence
2. Price broke down and made lower high
3. Fib level confluence at 2.70 to 2.10
E
Eosusdforecast
EOS/USDEOS has showed strong upward trend last month and surged 90+% strongly.It has dropped in price about 25%+ since the last post.
Bullish Case:
It tested the Resistance(red bar) at $3.0 price level and dropped 25% recently.
If it manages to hold the support level(green bar) and breaks the $3 price level, then it we might test the $4.4 level with two major hurdle to surpass which are long term-downtrend line(dotted) and 200 Moving average(Red line) line.
Also, there is a bullish catalyst(news) on 26th January'19 with Parsl reward drop(SEED coins) for EOS holders.
Bearish Case:
It has dropped recently with strong sell volume(pressure) which shows signs of stronger bear So
If it doesn't hold two support level(green bar) then we might see less than $1 price level in the coming days/weeks.
