create account

EOS Technical Analysis: UNABLE TO BREAK RESISTANCE...YET by workin2005

View this thread on: hive.blog |  peakd.com |  ecency.com
cryptocurrency · @workin2005 · (edited)
$9.00
EOS Technical Analysis: UNABLE TO BREAK RESISTANCE...YET
![Analysis_Logo Resize.png](https://cdn.steemitimages.com/DQmPGS4NFos8KZvW7KRjkYs21czufu92Vr9qooFwGNJm5vc/Analysis_Logo%20Resize.png)
### EOS rejected off the descending resistance I’ve been discussing for the past week. Price broke out of the ascending support, suggesting a larger correction may be taking place. 
![Screen Shot 2018-09-02 at 12.21.52 PM.png](https://cdn.steemitimages.com/DQmQUywCFUF18oKLmq2kvfpTURZHcnhcmZyNnaFFhu3Ytim/Screen%20Shot%202018-09-02%20at%2012.21.52%20PM.png)
### I believe we’ve seen the top of primary wave 3 and are now entering an ABC correction. Primary wave 2 corrected very deep, hitting the 0.786 fib before bouncing. Probability tells us primary wave 4 should finish somewhere between the 0.386 and 0.5 fib level. This puts an ABC correction somewhere between $6.30 and $6.00. Here’s how it may play out:
![Screen Shot 2018-09-02 at 12.26.26 PM.png](https://cdn.steemitimages.com/DQmR3uaS7SR9TTsRtKB5oYzYM81rRqNrpPwSQPHafdNumK3/Screen%20Shot%202018-09-02%20at%2012.26.26%20PM.png)
### In today’s video analysis, I discuss what could invalidate the above count, other possible scenarios, traps to avoid, and MUCH more information not found above. 
## Video Analysis:
https://youtu.be/1LkP2T9wFV0
#### *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*
## **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>
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 313 others
properties (23)
authorworkin2005
permlinkeos-technical-analysis-unable-to-break-resistance-yet
categorycryptocurrency
json_metadata{"tags":["cryptocurrency","eos","bitcoin","timm","crypto"],"image":["https://cdn.steemitimages.com/DQmPGS4NFos8KZvW7KRjkYs21czufu92Vr9qooFwGNJm5vc/Analysis_Logo%20Resize.png","https://cdn.steemitimages.com/DQmQUywCFUF18oKLmq2kvfpTURZHcnhcmZyNnaFFhu3Ytim/Screen%20Shot%202018-09-02%20at%2012.21.52%20PM.png","https://cdn.steemitimages.com/DQmR3uaS7SR9TTsRtKB5oYzYM81rRqNrpPwSQPHafdNumK3/Screen%20Shot%202018-09-02%20at%2012.26.26%20PM.png","https://img.youtube.com/vi/1LkP2T9wFV0/0.jpg","https://steemitimages.com/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk/upvote.gif","https://cdn.steemitimages.com/DQmXuk9bWMiPgXdowVfh4JBSGUXMqQkLa1u7ANwzTssgp25/250%20blue%20Overlay%206.png","https://cdn.steemitimages.com/DQmY5feG75MDWS57aX2rSUUa8bhzcZEyb5XKZCHY7FUzmXn/Disclaimer.png"],"links":["https://youtu.be/1LkP2T9wFV0","https://mentormarket.io/profile/@workin2005?aff_id=Workin2005","https://www.binance.com/?ref=16878853","https://brave.com/wor485","https://www.facebook.com/Workin2005","https://mentormarket.io/","https://mentormarket.io/legal/termsandconditions"],"app":"TIMM/0.1","format":"markdown"}
created2018-09-02 16:42:18
last_update2018-09-02 17:55:15
depth0
children18
last_payout2018-09-09 16:42:18
cashout_time1969-12-31 23:59:59
total_payout_value7.025 HBD
curator_payout_value1.975 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length2,614
author_reputation51,962,092,033,823
root_title"EOS Technical Analysis: UNABLE TO BREAK RESISTANCE...YET"
beneficiaries
0.
accounttimm
weight100
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id70,109,096
net_rshares7,420,281,537,127
author_curate_reward""
vote details (377)
@albertot · 
More about #cryptocurrency #eos in these posts:
-  **[EOS Bulls - Not Out of the Woods Yet!](https://steemit.com/eos/@downhillblues/eos-bulls-not-out-of-the-woods-yet)** by [downhillblues](https://steemit.com/@downhillblues)

-  **[Fireside Chat w/ Marshall Long 9/14/18](https://steemit.com/eos/@eosdallas/fireside-chat-w-marshall-long-9-14-18)** by [eosdallas](https://steemit.com/@eosdallas)

-  **[EOS  $6.37 değerinde !](https://steemit.com/eos/@cemill/eos-usd6-37-degerinde)** by [cemill](https://steemit.com/@cemill)

-  **[The EOS Tribe #WyoHackathon Challenge](https://steemit.com/eos/@eostribe/announcing-our-wyohackathon-challenge)** by [eostribe](https://steemit.com/@eostribe)

-  **[TAKAFULY - Platform for the exchange of peer-to-peer services on Eos](https://steemit.com/steemhunt/@blockcryptochain/takafuly-platform-for-the-exchange-of-peer-to-peer-services-on-eos)** by [blockcryptochain](https://steemit.com/@blockcryptochain)

*Il this comment you think is useful please consider vote it*
properties (22)
authoralbertot
permlink20180902t181027694z
categorycryptocurrency
json_metadata{"tags":[""],"app":"steemjs"}
created2018-09-02 18:10:27
last_update2018-09-02 18:10:27
depth1
children0
last_payout2018-09-09 18:10:27
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length1,008
author_reputation921,270,757
root_title"EOS Technical Analysis: UNABLE TO BREAK RESISTANCE...YET"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id70,115,242
net_rshares0
@bitbrain · (edited)
I'm waiting for mid-September. Two weeks from now this current bullish trend will either have broken out of channels/through resistance, or it will be dipping for another BTC-to-$6k trough.
👍  , ,
properties (23)
authorbitbrain
permlinkre-workin2005-eos-technical-analysis-unable-to-break-resistance-yet-20180902t194646974z
categorycryptocurrency
json_metadata"{\"tags\":[\"cryptocurrency\"],\"app\":\"TIMM/0.1\"}"
created2018-09-02 19:46:48
last_update2018-09-02 19:47:06
depth1
children6
last_payout2018-09-09 19:46:48
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length189
author_reputation25,414,244,691,755
root_title"EOS Technical Analysis: UNABLE TO BREAK RESISTANCE...YET"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id70,121,518
net_rshares10,707,359,121
author_curate_reward""
vote details (3)
@workin2005 · 
Could be...
👍  
properties (23)
authorworkin2005
permlinkre-bitbrain-re-workin2005-eos-technical-analysis-unable-to-break-resistance-yet-20180902t232014472z
categorycryptocurrency
json_metadata{"tags":["cryptocurrency"],"app":"steemit/0.1"}
created2018-09-02 23:20:15
last_update2018-09-02 23:20:15
depth2
children5
last_payout2018-09-09 23:20:15
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length11
author_reputation51,962,092,033,823
root_title"EOS Technical Analysis: UNABLE TO BREAK RESISTANCE...YET"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id70,133,086
net_rshares6,875,426,624
author_curate_reward""
vote details (1)
@bitbrain · 
It will be one of those two my friend, it will be.
👍  ,
properties (23)
authorbitbrain
permlinkre-workin2005-re-bitbrain-re-workin2005-eos-technical-analysis-unable-to-break-resistance-yet-20180903t201250860z
categorycryptocurrency
json_metadata{"tags":["cryptocurrency"],"app":"steemit/0.1"}
created2018-09-03 20:12:54
last_update2018-09-03 20:12:54
depth3
children4
last_payout2018-09-10 20:12:54
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length50
author_reputation25,414,244,691,755
root_title"EOS Technical Analysis: UNABLE TO BREAK RESISTANCE...YET"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id70,218,426
net_rshares9,742,040,825
author_curate_reward""
vote details (2)
@blockchainherbal ·
$0.09
Once BTC makes it move, EOS will be right behind it.
👍  , , ,
properties (23)
authorblockchainherbal
permlinkre-workin2005-eos-technical-analysis-unable-to-break-resistance-yet-20180902t202227423z
categorycryptocurrency
json_metadata{"tags":["cryptocurrency"],"app":"steemit/0.1"}
created2018-09-02 20:22:27
last_update2018-09-02 20:22:27
depth1
children1
last_payout2018-09-09 20:22:27
cashout_time1969-12-31 23:59:59
total_payout_value0.089 HBD
curator_payout_value0.001 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length52
author_reputation49,773,659,192
root_title"EOS Technical Analysis: UNABLE TO BREAK RESISTANCE...YET"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd0
post_id70,123,676
net_rshares75,530,586,177
author_curate_reward""
vote details (4)
@workin2005 ·
$0.04
Yep...that's usually how it happens. ;-)
👍  
properties (23)
authorworkin2005
permlinkre-blockchainherbal-re-workin2005-eos-technical-analysis-unable-to-break-resistance-yet-20180902t231335036z
categorycryptocurrency
json_metadata{"tags":["cryptocurrency"],"app":"steemit/0.1"}
created2018-09-02 23:13:33
last_update2018-09-02 23:13:33
depth2
children0
last_payout2018-09-09 23:13:33
cashout_time1969-12-31 23:59:59
total_payout_value0.044 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length40
author_reputation51,962,092,033,823
root_title"EOS Technical Analysis: UNABLE TO BREAK RESISTANCE...YET"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id70,132,726
net_rshares36,959,046,564
author_curate_reward""
vote details (1)
@conceptskip · 
EOS has had a good run, let's have it rest a bit.... ;-)
👍  ,
properties (23)
authorconceptskip
permlinkre-workin2005-eos-technical-analysis-unable-to-break-resistance-yet-20180902t205758589z
categorycryptocurrency
json_metadata{"community":"busy","app":"busy/2.5.6","format":"markdown","tags":["cryptocurrency"],"users":[],"links":[],"image":[]}
created2018-09-02 20:57:57
last_update2018-09-02 20:57:57
depth1
children1
last_payout2018-09-09 20:57:57
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length56
author_reputation3,288,745,933,815
root_title"EOS Technical Analysis: UNABLE TO BREAK RESISTANCE...YET"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id70,125,630
net_rshares10,282,253,822
author_curate_reward""
vote details (2)
@workin2005 · 
I think that's exactly what it's doing. ;-)
👍  
properties (23)
authorworkin2005
permlinkre-conceptskip-re-workin2005-eos-technical-analysis-unable-to-break-resistance-yet-20180902t231125283z
categorycryptocurrency
json_metadata{"tags":["cryptocurrency"],"app":"steemit/0.1"}
created2018-09-02 23:11:24
last_update2018-09-02 23:11:24
depth2
children0
last_payout2018-09-09 23:11:24
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length43
author_reputation51,962,092,033,823
root_title"EOS Technical Analysis: UNABLE TO BREAK RESISTANCE...YET"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id70,132,596
net_rshares1,339,032,685
author_curate_reward""
vote details (1)
@kp33 · 
I'm very stubborn! I am waiting for this to hit the $4.00 area so I can buy as much as I can.
👍  ,
properties (23)
authorkp33
permlinkre-workin2005-eos-technical-analysis-unable-to-break-resistance-yet-20180902t203342938z
categorycryptocurrency
json_metadata{"tags":["cryptocurrency"],"app":"steemit/0.1"}
created2018-09-02 20:33:42
last_update2018-09-02 20:33:42
depth1
children3
last_payout2018-09-09 20:33:42
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length93
author_reputation21,793,344,038
root_title"EOS Technical Analysis: UNABLE TO BREAK RESISTANCE...YET"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id70,124,319
net_rshares4,920,544,725
author_curate_reward""
vote details (2)
@workin2005 · 
I've had buy orders stacked between $4.00-$3.50 for the last month. We'll see if they ever get filled. I'm starting to doubt it.
👍  
properties (23)
authorworkin2005
permlinkre-kp33-re-workin2005-eos-technical-analysis-unable-to-break-resistance-yet-20180902t231544372z
categorycryptocurrency
json_metadata{"tags":["cryptocurrency"],"app":"steemit/0.1"}
created2018-09-02 23:15:45
last_update2018-09-02 23:15:45
depth2
children2
last_payout2018-09-09 23:15:45
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length128
author_reputation51,962,092,033,823
root_title"EOS Technical Analysis: UNABLE TO BREAK RESISTANCE...YET"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id70,132,856
net_rshares490,726,603
author_curate_reward""
vote details (1)
@kp33 · 
I'm starting to doubt it too. I was one of the lucky ones who bought in at around 0.80 and have left in a wallet and will not touch it for the next year or two.  I want to buy again and  try to daytrade or swing trade the amount of eos I buy now.  Probably a mistake to try and predict the bottom and should have  slowly started to buy when it was around $4.50 a few weeks ago.
👍  
properties (23)
authorkp33
permlinkre-workin2005-re-kp33-re-workin2005-eos-technical-analysis-unable-to-break-resistance-yet-20180903t002016300z
categorycryptocurrency
json_metadata{"tags":["cryptocurrency"],"app":"steemit/0.1"}
created2018-09-03 00:20:15
last_update2018-09-03 00:20:15
depth3
children1
last_payout2018-09-10 00:20:15
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length377
author_reputation21,793,344,038
root_title"EOS Technical Analysis: UNABLE TO BREAK RESISTANCE...YET"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id70,135,923
net_rshares3,186,176,294
author_curate_reward""
vote details (1)
@toofasteddie · 
Good Count, let's see if the 4th wave stops at 6$ and validate the next move
👍  
properties (23)
authortoofasteddie
permlinkre-workin2005-eos-technical-analysis-unable-to-break-resistance-yet-20180902t173358833z
categorycryptocurrency
json_metadata{"tags":["cryptocurrency"],"app":"steemit/0.1"}
created2018-09-02 17:33:57
last_update2018-09-02 17:33:57
depth1
children1
last_payout2018-09-09 17:33:57
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length76
author_reputation669,480,414,858,286
root_title"EOS Technical Analysis: UNABLE TO BREAK RESISTANCE...YET"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id70,112,659
net_rshares5,073,589,175
author_curate_reward""
vote details (1)
@workin2005 · 
Time will tell...
👍  
properties (23)
authorworkin2005
permlinkre-toofasteddie-re-workin2005-eos-technical-analysis-unable-to-break-resistance-yet-20180902t183734801z
categorycryptocurrency
json_metadata{"tags":["cryptocurrency"],"app":"steemit/0.1"}
created2018-09-02 18:37:33
last_update2018-09-02 18:37:33
depth2
children0
last_payout2018-09-09 18:37:33
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length17
author_reputation51,962,092,033,823
root_title"EOS Technical Analysis: UNABLE TO BREAK RESISTANCE...YET"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id70,117,073
net_rshares7,327,557,569
author_curate_reward""
vote details (1)
Help/Feedback