Critical point. Waiting for confirmation.

EOSUSD is now on a critical break-out point on the current 1D Channel Down (RSI = 54.482). As you see there are recurring Channel patterns on 1W, which if replicated again, EOS should aggressively break out much higher. The price should consolidate for 1 week and if the Lower High area breaks (as seen on the chart) it should deliver a similar uptrend. Until that happens though, we remain short, TP = 5.9782.