Bullish 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
EOSUSDT Daily.
2.9390 is a strong resistance if that resistance 2.93 and 3.18 rejects price to up word then we will see another bottom at 1.63 till Jun 15/2020.
Reasons:
1. Price following through a narrow parabolic channel.
2. Price is still making lower low on HTF.
3. Assuming Rsi will be at overbought condition when price reaches to resistance zone 2.93.
