EOS, Tezos, Chainlink Show Signs of Exhaustion

EOS, Tezos, and Chainlink may reverse their trends as their momentum is exhausted.

EOS Prepares for a Pullback 

After reaching a market bottom of $2.16 on Dec. 17, 2019, EOS entered a bull rally that has seen its price double. The sudden increase in demand allowed this cryptocurrency to move above its 200-day moving average. Turning this level of resistance into support is usually seen by many traders as a further bullish indicator. 

However, the recent high of $4.39 appears to have served as a take-profit point for many investors, triggering an 8.3% percent retracement.  

Based on the TD sequential indicator, this crypto could experience an even steeper decline. This technical index is currently presenting a sell signal in the form of an aggressive 13 on EOS’s 1-day chart. The bearish formation estimates a one to four candlesticks correction, but if the selling pressure is strong enough, a new downward countdown could begin. 

A red two…