![Analysis_Logo Resize.png](https://cdn.steemitimages.com/DQmPGS4NFos8KZvW7KRjkYs21czufu92Vr9qooFwGNJm5vc/Analysis_Logo%20Resize.png)
### Yesterday I told you to prepare for a possible drop in price. EOS was consolidating within a wedge and showing many signs of weakness. I pointed out a rising wedge on the 4 hour RSI. While it took longer than expected, today price did breakdown. I told you in yesterday’s video the only support between $5.00 and $4.00 was at $4.57. This is exactly where price hit...almost to the cent. 
![Screen Shot 2018-08-13 at 2.04.39 PM.png](https://cdn.steemitimages.com/DQmSWrJuWsbnCmYEsJcd5maxGz6W3MXM4BNQiayf5tKQz7G/Screen%20Shot%202018-08-13%20at%202.04.39%20PM.png)
![Screen Shot 2018-08-13 at 2.04.19 PM.png](https://cdn.steemitimages.com/DQmW7oJWech443SjX1AHjurbjABb8on1YCdUZSwke2gWtDS/Screen%20Shot%202018-08-13%20at%202.04.19%20PM.png)
### Yesterday I showed you my big picture Elliot count. Zooming into the 4 hour chart, it looks like sub-wave 5 is looking for bottom. Pulling our fib extension, a logical place to bottom out MIGHT be $4.00. Doesn’t mean that’s going to happen, but it’s a very real possibility.  
![Screen Shot 2018-08-13 at 2.15.57 PM.png](https://cdn.steemitimages.com/DQmVuYC6rPg3cujFXtGTijtXhne1y2Y1CMH83DcSjoXPsyV/Screen%20Shot%202018-08-13%20at%202.15.57%20PM.png)
### In today’s video update I discuss where price may go from here, the area I’ve stacked my buy orders and MUCH more. If you’re not watching my videos, you’re only getting a small part of the story. 
## Video Analysis:
https://youtu.be/AF07ySxpYM0
#### *If you’re viewing this on a site other than Steemit, and you don’t see the above video, navigate to Steemit or TIMM (https://mentormarket.io/profile/@workin2005?aff_id=Workin2005) in order to watch.*
### BIAS:
**Short Term: Slightly Bearish**
**Longterm: Bullish**

**I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!**
### *Workin*
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