New Lower High rejection and bearish reversal. Short.

10 ביולי 2018

EOS is on a perfect compliance with the 1D Channel Down pattern (RSI = 35.351, MACD = -0.670, B/BP = -1.7887) as it made another Lower High Rejection (Highs/Lows = 000) and as seen has already resumed the downtrend. The price touched again the previous 7.4708 target and according to 4H (Highs/Lows = -0.9530), the potential for hitting the TP = 5.9782 in the next two sessions is significantly high (assuming the 6.9118 June 24th bottom breaks today).