![Analysis_Logo Resize.png](https://cdn.steemitimages.com/DQmPGS4NFos8KZvW7KRjkYs21czufu92Vr9qooFwGNJm5vc/Analysis_Logo%20Resize.png)
### EOS continues to show weakness. Price has collapsed below both trend lines. While we might see a slight bounce in the short term, I don’t believe we’ve seen the bottom. 
![Screen Shot 2018-09-07 at 3.13.33 PM.png](https://cdn.steemitimages.com/DQmQc2RHLpUaEiVyFpDD4StQg8VobLvmkbaP4QYuZGtZuiP/Screen%20Shot%202018-09-07%20at%203.13.33%20PM.png)
### Zooming out on the weekly chart below, we see the body of the 4 prior 1 week candles all found support at $4.96. They wicked through, but the body remained at or above $4.96. We still have 2 days before this weeks candle closes. If the body closes below $4.96, it could be a sign of much lower prices to follow.
![Screen Shot 2018-09-07 at 3.14.03 PM.png](https://cdn.steemitimages.com/DQmdxPTCVPNdianJaNegD5RGuzyfspuFwf72d3MctDskyfS/Screen%20Shot%202018-09-07%20at%203.14.03%20PM.png)
### The daily MACD just crossed into bearish territory. 
![Screen Shot 2018-09-07 at 3.14.28 PM.png](https://cdn.steemitimages.com/DQme1hp44ekswmTtcBuYSK6iZ943e7ijxGmQG92av5nggBX/Screen%20Shot%202018-09-07%20at%203.14.28%20PM.png)
### In today’s video analysis, I discuss where the bottom might be, what to expect in the short term, possible Elliot counts and MUCH more information not found above. I hope you find it helpful. 
## Video Analysis:
https://youtu.be/5XBaIU2mgHY
#### *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*
## **If you found this post informative, please:**
![upvote.gif](https://steemitimages.com/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk/upvote.gif)

**Open an Account on Binance here:**
*https://www.binance.com/?ref=16878853*

**Support the Crypto Ecosystem with Brave Browser:**
*https://brave.com/wor485*

**Twitter handle is @Workin2005 and Facebook is https://www.facebook.com/Workin2005**

---
**Published on:**
<center><a href="https://mentormarket.io/"><img src="https://cdn.steemitimages.com/DQmXuk9bWMiPgXdowVfh4JBSGUXMqQkLa1u7ANwzTssgp25/250%20blue%20Overlay%206.png" alt="mentormarket.io" /></a>
by [Workin2005](https://mentormarket.io/profile/@workin2005?aff_id=Workin2005)</center> 
---
<center><a href="https://mentormarket.io/legal/termsandconditions"><img src="https://cdn.steemitimages.com/DQmY5feG75MDWS57aX2rSUUa8bhzcZEyb5XKZCHY7FUzmXn/Disclaimer.png" alt="https://mentormarket.io/legal/termsandconditions" /></a></center>