EOS Technical Analysis: PRICE GETTING SQUEEZED

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·@workin2005·
0.000 HBD
EOS Technical Analysis: PRICE GETTING SQUEEZED
![Analysis_Logo Resize.png](https://cdn.steemitimages.com/DQmPGS4NFos8KZvW7KRjkYs21czufu92Vr9qooFwGNJm5vc/Analysis_Logo%20Resize.png)
### Much like Bitcoin, EOS continues to get squeezed within a larger wedge. It looks like we could see a major move within the first 2 weeks of October. 
![Screen Shot 2018-10-01 at 6.52.13 PM.png](https://cdn.steemitimages.com/DQmPn8ixc8UwxfdjQ45Y1YisUNWFSzXWeWTMggbNGm95tBT/Screen%20Shot%202018-10-01%20at%206.52.13%20PM.png)
### Looking at the 4 hour chart, we’re seeing the Bollinger bands bottleneck. The 8, 21 and 55 day EMA’s are converging. This also suggests price is ready to move. 
![Screen Shot 2018-10-01 at 6.53.37 PM.png](https://cdn.steemitimages.com/DQmc1GTepQ3wvQBLtqcsRDeyqxCvNT6Ko8xsv9tumaah6Mt/Screen%20Shot%202018-10-01%20at%206.53.37%20PM.png)
### The 1 day RSI has established an ascending support over the last 6 weeks. It looks like it’s about to get tested again. If it holds, this would be a very bullish sign. 
![Screen Shot 2018-10-01 at 6.54.23 PM.png](https://cdn.steemitimages.com/DQmejpGxZJJ6sXF2mzCf4XYUubGHbBHBXyYqLTfirNTUqSn/Screen%20Shot%202018-10-01%20at%206.54.23%20PM.png)
### In today’s video analysis, I explain in a little more detail how I analyze the market. I discuss traps to avoid, my Elliot wave count, market psychology and MUCH more. Many of you have asked me to define various terms and teach a little more during my analysis. I try to do that in this video, which is why it’s a little longer. If you find it helpful, let me know. If you’d rather I shorten the video and just get to the point, let me know that as well. 
## Video Analysis:
https://youtu.be/BVZTKxNuIYc
#### *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.*

**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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