![Screen Shot 2018-06-15 at 6.20.45 PM.png](https://cdn.steemitimages.com/DQmbr6sL1CCknNr63LcQhWD4G9CE1R6p5iKrebioH73BGUj/Screen%20Shot%202018-06-15%20at%206.20.45%20PM.png)

EOS has continued consolidating since my last update. I’m expecting a larger move very shortly. To the upside, EOS is facing very strong resistance at $9.44. There’s strong support between $7.70 and $7.30. 
## Video Analysis
https://youtu.be/9aA436x3eTc

Please watch the video for detailed analysis not included in the screen shots below. 

#### Major Support/Resistance Zones:
![Screen Shot 2018-07-06 at 5.15.33 PM.png](https://cdn.steemitimages.com/DQmTZQX8ZV4eP2mG9aaAoCVSc68FEohK7xAfSi7ZTKGHDxr/Screen%20Shot%202018-07-06%20at%205.15.33%20PM.png)

 EOS is currently bouncing between the 8 and 21 day EMA. The bears are trying hard to push it below, while the bulls are holding their ground...for now. A break above the 21 day EMA would be a very bullish indication. 
![Screen Shot 2018-07-06 at 5.15.04 PM.png](https://cdn.steemitimages.com/DQmY3ViR2Q3KWTanU41GLjwRx5tvHeBdjxewWPP3sxAcWQd/Screen%20Shot%202018-07-06%20at%205.15.04%20PM.png)

Price is being squeezed tighter and tighter within a wedge. It may break up, or down at any moment. 
![Screen Shot 2018-07-06 at 5.13.37 PM.png](https://cdn.steemitimages.com/DQmb9F25AF3jwSvg7XQ8R3nj5gwdp33sLTqTmn4YZT18a6J/Screen%20Shot%202018-07-06%20at%205.13.37%20PM.png)

The 4 hour Stock RSI is over sold and starting to trend up.
![Screen Shot 2018-07-06 at 5.16.12 PM.png](https://cdn.steemitimages.com/DQmZnjA3Nw4PDHz7Rx5BzXbQme65z1RHBLWVHyvb4Fhemnr/Screen%20Shot%202018-07-06%20at%205.16.12%20PM.png)

The 4 hour RSI has formed an ascending support line. If this line holds, we can expect the uptrend to continue. If it breaks, EOS will likely test the $7.70 support zone.
![Screen Shot 2018-07-06 at 5.14.25 PM.png](https://cdn.steemitimages.com/DQmbt5qjB4AGRpLRRzLBAz8QKJkXfS5YJEjpGjavv2rHYVH/Screen%20Shot%202018-07-06%20at%205.14.25%20PM.png)

Scenario 1 has wave 4 complete, with wave 5 just beginning. We need to see volume spike if this scenario is to be validated. 
![Screen Shot 2018-07-06 at 5.11.58 PM.png](https://cdn.steemitimages.com/DQmTLjcHDJdUTpzygFgwLWTopgfrSUzUJFXyjF1FE4ubeT8/Screen%20Shot%202018-07-06%20at%205.11.58%20PM.png)

Scenario 2 has 5 waves completed, ending with a truncated 5th. This would put EOS in an ABC correction as shown. 
![Screen Shot 2018-07-06 at 5.12.59 PM.png](https://cdn.steemitimages.com/DQmVKpwi6sG3fjX9GbdJ6SjNfhcB6hhS8ixnhWrz9ieJpyp/Screen%20Shot%202018-07-06%20at%205.12.59%20PM.png)

The above video analysis goes into much more detail. Let’s see how the next 24-48 hours unfold. 

**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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