Hey guys...I'm with family this weekend, but wanted to quickly share with you the 2 possible paths I believe EOS could take. As I said, this will be very quick....
Bullish Pennant spotted. This could indicate a rise may be coming.
There is support at $10.50. A bullish count may look like this:
Should that support break, we may be in the following bearish scenario:
I apologize for cutting this short. Will try to give you another update tomorrow. Have a great weekend!
BIAS:
Short Term: Neutral
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.
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Disclaimer: I am NOT a financial advisor and this is NOT financial advice. Please always do your own research and invest responsibly. Technical analysis is simply a guide. It doesn’t predict the future. Anyone that claims they know exactly what’s going to happen is foolish, lying or both. Technical Analysis should only be used as a tool to help make better decisions. If you enter a trade, I recommend having a stop loss and sticking to it. You will loose at times. The key is to have more wins than losses. With that in mind, I wish you great success.
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