EOS has been consolidating for a couple days. I’m expecting a larger move any time now. In today’s video I discuss major support/resistance zones to watch, as well as what price may do in the next 24-48 hours.

Video Analysis:

Please watch the video for detailed analysis not included in the screen shots below.

Major Support/Resistance Zones to Watch:

Primary Big Picture Count:

Ascending Support Line Formed on 4 Hour RSI:

Zooming in on 4 hour chart, we can see what appears to be a leading diagonal. This is very common on the first wave of a trend change. I’ve listed the sub-waves below. Sub-wave 5 may end up completing as shown, or it may already be complete as a truncated 5th. I show and discuss this further in the video.

As initially stated, please watch the video for a detailed analysis on EOS.
Until next time, trade safe and smart. Wishing you all the best!
Workin

BIAS:
Short Term: Slightly Bullish
Longterm: Bullish

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Thanks for stopping by.

If you found this post informative, please:

If you don’t have an account on Binance, I STRONGLY recommend getting one. They’re usually the first to get reputable coins, have excellent security and second to none customer service. You can sign up here free of charge: https://www.binance.com/?ref=16878853

FYI…I just started a Facebook and twitter page where I’ll post analysis, along with other relevant crypto data from myself and others. If you’d like to be notified as soon as updates reach Steemit, the twitter handle is @Workin2005 and the Facebook page is https://www.facebook.com/Workin2005/

---

Published on

by Workin2005

---