Looking at our trend timeframe we see price has formed a lower high 140000 and is now making it’s way towards 80000. EOS is currently testing our trendline, a weekly close below this level and we should see a drop to 60000.
Shifting over to our pattern timeframe we see EOS is at a critical point, momentum remains in favor of bears. Last time we were at this price we saw a radical push from 109000 up to 240000. Price is now looking to form a double bottom at this level, a hold here and we should see EOS run towards the top of our channel. A rejection from 120000 and expect a sell off to 60000.
