- EOS follows IOTA in triangle like formation.
- Downside limited in this downleg.
EOS the crypto, is following IOTA in the triangle formation wherein the ranges are getting norrower and chances of a breakout of the triangle are getting higher in the coming days, while the downside in the current leg is limited.
EOS/USD is down more than 2 percent at $5.698, just above the day’s low. On the 2-hour chart of EOS, it has been forming a triangle and is nearing a breakout point, although chances of a lower breakout are evenly placed to a higher breakout.
For now, downside is limited in this downleg to maximum at $5.60. On the upside, resistance is firmly placed around $5.88-$5.90.
EOS/USD 120-minute chart: