Two critical points. Near bearish confirmation.

١ أغسطس ٢٠١٨

EOS is about to break the curve support on 1D before reaching the critical eclipse break-out point. If 7.0870 is crossed now, then EOSUSD enters into a bearish continuation mode on the 1D Channel Down (RSI = 37.901, MACD = -0.251, Highs/Lows = -0.5429, B/BP = -1.3449). If 6.5500 breaks (should take at least another two sessions as 4H oversold on RSI = 28.543, STOCH = 18.160, STOCHRSI = 19.222) then we should see an accelerated decline even past out TP = 5.9782 to 3.8925. Of course there will be updates to address such (probable) scenario.