InvestingScope

Approaching the 4H High. Bearish flag extension and then short.

Kort
EOS is approaching the 5.6556 Resistance on 4H (RSI = 66.161, MACD = 0.087) on a strong bearish flag formation that can extend up to 5.9782 before maturing and reversing. That will be an ideal technical Lower High for the 1D Channel Down. As long as the underlying trend remains bearish (1W Highs/Lows = -2.0050, B/BP = -4.2193), we will stay short on EOSUSD (TP = 3.8925 and 1.6921).

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