EOS, Stellar, and Tezos giving mixed price action signals

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Based on the 3-day chart, EOS reached the 61.8 and 65 percent Fibonacci retracement level, which is considered the 'golden' retracement area.

As a result, the Bollinger bands on the 1-day chart may clarify if EOS is bound for a rebound or to continue declining.

A break below $4.0 could signal a trend reversal from bullish to bearish and EOS could fall to the 78.6 percent Fibonacci retracement level or lower.

Even though Stellar has taken a major step back, the TD sequential indicator is giving a buy signal in the form of a red nine on the 1-week chart.

The TD sequential indicator on the 1-week chart is currently giving a sell signal in the form of green nine.

The bearish signal will be validated if there is a red two candlestick trading below a preceding red one candlestick.

Since the current candlestick is a green nine, per the TD sequential indicator, when combined with the spinning top candlestick pattern the probabilities of a correction increases.

As a result, Tezos could find support on its way down around the 38.2 or 50 percent Fibonacci retracement levels, which are sitting at $1.27 and $1.09, respectively.

A move above the recent high of $1.64, in combination with a green two candlestick trading above a preceding green one candlestick on the 1-week chart, could invalidate the bearish posture.

While EOS continues its consolidation phase that started nearly a month ago without any clear signs of which direction it will take, Stellar is leaning bullish, and Tezos is signaling that a retracement is in the works.

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