Resistance Target hit. Ready for downside continuation. Short.

4 Tem 2018

The 9.3064 Resistance Target was hit and as expected EOS has been rejected and is already trading lower on 1H (Highs/Lows = -0.0338, B/BP = -0.1074). 4H is still neutral (RSI =56.582, CCI = -35.8743, Highs/Lows = 0.000) due to the consolidation we talked about on the last report. Now that this sideways movement is completed, and EOSUSD was rejected near the 1D Lower High point, the 1D Channel Down (MACD = -0.829, ROC = -16.293, oversold STOCH, Williams, Ultimate Oscillator) will start applying selling pressure again. TP = 5.9782.