A horizontal count from the previous congestion yielded a projection to 0.00076 that has not been met.
EOS has congested between 0.000792 and 0.000832. Resistance seems to be stronger than support.
A bigger picture:
We can see over the past month EOS has been generally moving in an upward trend making higher highs at the termination of each upward leg.
I think EOS will move down from here to the lower trend line before turning up to test new highs. With good news coming out very soon for EOS I hope to see strong technical indications for a breakout. Overall I am optimistic about this crypto.
