EOS has formed lower highs and higher lows to consolidate inside a symmetrical triangle visible on its 1-hour time frame. Price is approaching the peak of the formation to show that a breakout is due soon.
The 100 SMA is below the longer-term 200 SMA so the path of least resistance is to the downside. In other words, there could be stronger odds of a downside break happening than an upside move. Closing below the 3.5000 mark could be followed by a drop that’s the same height as the triangle, which
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