![Analysis_Logo Resize.png](https://cdn.steemitimages.com/DQmPGS4NFos8KZvW7KRjkYs21czufu92Vr9qooFwGNJm5vc/Analysis_Logo%20Resize.png)
### EOS has been trading within a range of $4.91-$4.28 for the last 3 days. The $4.57 support has been broken and price seems to want to test $4.28. If that support breaks, I believe it MAY be a quick drop to $4.00. 
![Screen Shot 2018-08-16 at 7.21.38 PM.png](https://cdn.steemitimages.com/DQmegbbk63bmHp2SzfTKZExXNsgB8SbEgRFQ46MPpC7nMLB/Screen%20Shot%202018-08-16%20at%207.21.38%20PM.png)
### As I said yesterday, we’re seeing a lot of structure in the market from a bullish and bearish perspective. I discuss that in detail in the video analysis below. 
### My bullish scenario is still very much in play. Since yesterday, price seems to have almost completed an ABC correction. If this count is correct, we can expect the start of 5 waves up very shortly. Here’s how it might play out. 
![Screen Shot 2018-08-16 at 7.26.10 PM.png](https://cdn.steemitimages.com/DQmR3xhKBtAxJrvgMQP6nZhYmadgsxUSnrZNEfsBYJrFroi/Screen%20Shot%202018-08-16%20at%207.26.10%20PM.png)
### From an bearish perspective, we could say price has completed wave 2, and is now beginning wave 3. If this count is correct, it might play out like this:
![Screen Shot 2018-08-16 at 7.32.14 PM.png](https://cdn.steemitimages.com/DQmeCbBosgaVjNGTiRnAzktC7NKpW7DQtvn1KoZYmuCzeMu/Screen%20Shot%202018-08-16%20at%207.32.14%20PM.png)
### In today’s video analysis, I discuss short and long term price movement, various scenarios to watch out for 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/29WDbYPqQuk
#### *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: Neutral**
**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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