In my last post about EOS, I wrote that I was waiting for a breakout of the uptrend line, with the price that could reach $4 during next months: EOS Technical Analysis 14 July 2018.
The price went just around the uptrend line and then had some positive days that pushed EOS over $9.
Now the price is coming back and it is likely to test again the uptrend line. I added the Parabolic SAR to understand the level that we should consider for a definitive breakout of the line and a continuation of the downtrend.
The Parabolic SAR shows a level of $6.92 for today. This level is likely to increase in next days, so I will consider $7 as the level to break to have a continuation of the downtrend.
Indicators also agree with a bearish outlook.
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