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EOS: Traders can take advantage of these scenarios by…
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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice
Challenging the upper trendline of a parallel channel at press time, EOS looked to set a rally in motion on the back of an upwards breakout. However, bearish divergences along the RSI and Awesome Oscillator suggested otherwise and highlighted a possible run down to the lower trendline.
With the market presenting opportunities for both buyers and sellers, traders should be on the lookout for key zones before placing their bets.
At the time of writing, EOS was trading at $4.85, up by 1.3% over the last 24 hours.
Source: EOS/USD, TradingView
Discounting a false breakout on 9 October, EOS has traversed within the
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