EOSUSD appears to be coiling up for a surge higher, with bears thus far failing to act on a potential Head and Shoulders topping pattern that's been brewing over the past few days:

[![](https://steemitimages.com/DQmdKewmPrR3TbsZq4eBsuMmUcKXvZ9L4hrhgK32Vk7AyJQ/image.png)](https://www.tradingview.com/x/Uqe8oQ4V/)

Pair was looking a little heavy earlier in the session, however bulls managed a nice little surge out of $10.20, driving the pair as high as $10.95 before pausing for a breather. 

Initial resistance is the 11 dollar handle, followed by yesterday's high of  $11.70. 

A break above yesterday's high would target the record high of $12.50, followed by the ascending channel top at $12.80 and counting. 

A break below the ascending neckline around $10 would shift focus to channel floor and former resistance confluence in the $8.8 to $9.30 zone. Only a clear break below the lower bound would invalidate my immediate bullish bias.

I'm long 3:1 from an average of $8.60 with a break even stop protecting my balance in case of reversal. 

To the moon baby!
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