Short
EOSUSD ❕ ascending wedge
Price formed an upward wedge on a correction after a decline.
The wedge was formed on declining volumes.
RSI and EOS formed a bearish divergence (1H TF)
Price has broken down 50EMA (30m TF)
I expect the EOS to start declining after it has consolidated under the resistance level.
The wedge was formed on declining volumes.
RSI and EOS formed a bearish divergence (1H TF)
Price has broken down 50EMA (30m TF)
I expect the EOS to start declining after it has consolidated under the resistance level.
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Related publications
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.