Entered the Channel Down. More downside to come.

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Entered the Channel Down. More downside to come.
EOS / Dollar BITFINEX:EOSUSD
InvestingScope

Since the last update, EOS eventually entered the projected Channel Down and even hit 10.100 (S1) earlier than expected. The aggressive dive brings the price on short distance from out first TP (8.841). The 4H Channel Down ( RSI = 28.270, STOCH = 25.411) appears to have priced a Lower Low much earlier (Highs/Lows = -0.5396) and needs to consolidate in order to harmonize the oversold ADX = 70.813 and Williams = -92.673. See how it found support exactly on the yellow line, on a sequence that as shown on the chart repeated earlier during February - March. The last TP remains 7.4356 and will be pursued with the SL on profit margin.

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