DrJLT

EOS: small bearish divergence, low volume, recovery ended?

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Slight bearish divergence, particularly when volume is accounted for. As I mentioned in BTC and ETH threads, I think that while the bottom is in bull cycle is not here yet.

More specifically, EOSUSD is in a resistance zone. While golden cross has been observed, it's unlikely to give further boost in price without a pullback to retest critical support.

The two scenarios are marked with arrows.

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