Hey guys,

Looking back to earlier in the week, do you remember we had EOS sitting at higher time frame support? Well if you need a refresher of our zones, take a look at the daily chart below:

EOS/USD Daily

If you remember, this is what a highly unoptimistic me, said at the time:

Well now we’ve lurched into support, we zoom into the hourly and wait for a retest of short term resistance as support:

EOS/USD Hourly

Or we go straight through. God this is shit to watch and write about 🤮.

And of course straight through we went. Following the rest of the cryptocurrency market spiraling down through any level that dare stand in the way of price.

But now take a look at the updated hourly chart:

EOS/USD Hourly

Previous support becomes resistance. Bearish as that stupid Leo movie where he gets fuckedddd upppp by the Grizzly.

Not only hasn’t price given the bears one chance to get short off the level, but now a second. Absolutely textbook price action.

Too bad it’s in the wrong direction.

✌🏻.

Return from EOS Through Support with Textbook Price Action 📉 to forexbrokr's Web3 Blog