Short
EOS/BTC TA Update (Rejection from Downward Channel?)
EOS/BTC
EOS is trapped inside there falling wedge pattern for multiple weeks now. It is currently attempting to retest the downward channel resistance but keeps rejecting it.
If price can hold support at 3400 sats area and form a higher low. Chances of breaking to the upside are more like will happen
provided BTC dominance will remain sideways action or will not create bullish upside.
EOS is trapped inside there falling wedge pattern for multiple weeks now. It is currently attempting to retest the downward channel resistance but keeps rejecting it.
If price can hold support at 3400 sats area and form a higher low. Chances of breaking to the upside are more like will happen
provided BTC dominance will remain sideways action or will not create bullish upside.
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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.