Crypto Analysis Report 6-4-18 EOS...Left The Demand Zone At $11 (Update)

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·@rollandthomas·
0.000 HBD
Crypto Analysis Report 6-4-18 EOS...Left The Demand Zone At $11 (Update)
<center>![Avatar Trade2.JPG](https://steemitimages.com/DQmdYS9kddtwL5FdPXagGGEyvphp6Tjki6kag7Z5iPUvMWZ/Avatar%20Trade2.JPG)</center>

I last posted about EOS one week ago,

<center>[Crypto Analysis Report 5-25-18 EOS...Left The Demand Zone At $11](https://steemit.com/bitcoin/@rollandthomas/crypto-analysis-report-5-25-18-eos-left-the-demand-zone-at-usd11)</center>

I talked about a particular pattern I look for when price enters a demand or supply zone (and if I don't see this pattern, I may not take the trade). 

Looking at the price action on the 4 hr chart we saw the structure I usually look for before getting into a trade to go long. The structure is a leg in candle, basing candles, followed by a leg-out candle...which typically confirms price will move higher.

![](https://cdn.steemitimages.com/DQmTqpnFrj5eWLKoVGnLcikvvxeE7u4qxw3VcnwtBh4WS1r/image.png)

As anticipated, price pulled back and give buyers an opportunity to go long at $10.75 (green rectangle).

![](https://cdn.steemitimages.com/DQmTHx4usGyoVbr5FtQxiwE136mNeEX6noP6iXi9MU3m72b/image.png)

If price is going to move much higher, price must take out the $14.25 first.  Price closed above $14.25 on a daily chart, but is pulling back now. 

![](https://cdn.steemitimages.com/DQmQyXaKN13b7Nn7r8r1afaeZG26afEP9y1LUaH2cVuESRd/image.png)

Which may give traders an opportunity to go long again if price gets back to the $11.80 level. 

![](https://cdn.steemitimages.com/DQmSoHpb7rWarTLQJD1i5gwbWW7q24pfVCCvRfpzCc1Qw4u/image.png)

No change to the targets: Target 1 - $18 and Target 2 - $22.

This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.

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