![Analysis_Logo Resize.png](https://cdn.steemitimages.com/DQmPGS4NFos8KZvW7KRjkYs21czufu92Vr9qooFwGNJm5vc/Analysis_Logo%20Resize.png)
### In yesterday’s video analysis, I warned the $4.57 support would likely break. I said if it did, price may drop to $4.00. Price did fall, but it found support at $4.17 rather than $4.00. It's consolidating in what may be a bear flag. This suggests we may see $4.00 after all. 
![Screen Shot 2018-08-14 at 3.56.14 PM.png](https://cdn.steemitimages.com/DQmfBYTAWmSPkXWMzww9xFFUcYFAV9iuH9gG6ZfUuk64Th8/Screen%20Shot%202018-08-14%20at%203.56.14%20PM.png)
### Having said that, the 1 day RSI is extremely oversold. It’s reached it’s lowest point since Bitfinex had an EOS/USD pairing...granted that’s only been for 1 year. 

![Screen Shot 2018-08-14 at 3.59.46 PM.png](https://cdn.steemitimages.com/DQmUTx8FKL8wktVg7GwDMzc83JXNQ72GDQVLjyidb7vNjrw/Screen%20Shot%202018-08-14%20at%203.59.46%20PM.png)
### The 4 hour RSI is also very oversold. A break above the descending resistance (yellow line) would indicate a possible momentum shift toward the bulls. 
![Screen Shot 2018-08-14 at 3.59.12 PM.png](https://cdn.steemitimages.com/DQmbDsZjjnxUYE6gCfHTcs9EmGMakSqgj47j5d3ywymLZaa/Screen%20Shot%202018-08-14%20at%203.59.12%20PM.png)
### My Elliot count still has EOS with 1 more leg down....targeting $4.01. However, with the RSI as over sold as it is, we could see a bounce at any time. Below you’ll find my big picture Elliot count. I also posted a zoomed in version showing the $4.01 target.
![Screen Shot 2018-08-14 at 3.56.50 PM.png](https://cdn.steemitimages.com/DQmZ4BuPAtmYpydeAKwwuVdX9ppN5t33G4r2H3nd5Cmn9iP/Screen%20Shot%202018-08-14%20at%203.56.50%20PM.png)
![Screen Shot 2018-08-14 at 3.58.12 PM.png](https://cdn.steemitimages.com/DQmd8PLcZB4Kq9rVKVKZ7zSn2TFM9sVgexAKEfbTzZqJysP/Screen%20Shot%202018-08-14%20at%203.58.12%20PM.png)
### In today’s video update, I discuss short term price movement, where I’m stacking my buy orders, how I plan to trade, traps to avoid 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/l18YEB_8MGg
#### *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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