EOS/USDTPERP Long-Term Trend: Bearish
Key Resistance Levels: 3.884, 4.430, 4.440
Key Support Levels: 3.479, 3.148, 3.130
The price on the higher time frame failed to break a strong resistance area around the 3.884 USDT mark, which led to a reversal and a formation of a bar with a long wick to the upside. Further movement to the downside is expected after this move.
EOS/USDTPERP Medium-Term Trend: Bearish
On the lower time frame, the price managed to break the bullish channel to the downside. Now it is forming an inverse head and shoulders which lead to a potential reversal to the downside. A higher correction could be seen to the highlighted zone before a new selloff.
Sell Limit Order @ 3.733
TP 1 @ 3.483
TP 2 @ 3.148
Stop Loss @ 3.827
Trade Safely 🙂