Price has broken out of , following Bitcoin $1,000 candle. Daily support is being formed as this analysis is being typed. Daily entry break and close above $9.00. showing momentum has shifted towards upside. Bulls are not letting EOS fall below $7.75, only time will tell.
Switching over to our pattern timeframe we can see our triangle break out clearer. EOS is currently stuck in a . 4hour support @ $7.50 shown by price. However $8.00 is an ideal psychological support. Break and close above $8.50 on the 4hour and we should be another leg in this wave. showing us momentum has bottomed.
Finally shifting over towards our trigger timeframe we see a being respected.
A break and close above our channel will lead to a breakout, aggressive entry after break.
Target 1: $ 9.00
Target 2: $10.50
Target 3: $ 15.00
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