Pivot point: 4.37.
The expected scenario: Entering long positions at levels of 4.37, targeting the $5.26 levels.
Alternative scenario: entering into short deals at the lowest levels of 4.37, targeting the $3.50 levels.
Comment: The EOS is still in a general bullish trend in the medium and short term, through the ascending price channel, as it is currently trading at strong demand levels, which supports the current rebound, and the completion of the general upward trend, especially in light of the intersection of the average. The moving average 100 is above the moving average 50, in addition to the presence of the liquidity flow indicator at oversold levels, which supports the positive outlook for the EOS trading in the short term.
