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Technical Analysis for EOS: Bulls Eye Key Resistance by workin2005

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· @workin2005 · (edited)
$7.25
Technical Analysis for EOS: Bulls Eye Key Resistance
![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)
### The bulls have been unable to break above the key resistance/supply zone between $8.80-$9.45. It looks like they’re attempting to retest that zone, but will need volume to increase for that to happen. Referencing the prior high to swing low, we find the "golden pocket” (between 0.618-0.65 fib levels) to be nearly on top of the $9.45 resistance. 
![Screen Shot 2018-07-25 at 7.35.32 PM.png](https://cdn.steemitimages.com/DQmRGwEb6djGruHADLcxCsrZvh3ntKJJ4y9xQZam4vKUeDg/Screen%20Shot%202018-07-25%20at%207.35.32%20PM.png)
### Looking at other support/resistance zones, if price breaks above the $9.45 resistance, I expect price to rise rather quickly to the $10.30-$10.90 supply zone. If price is rejected, I expect a drop to a very small demand zone between $7.95-$7.60. 
![Screen Shot 2018-07-25 at 7.42.14 PM.png](https://cdn.steemitimages.com/DQmcp2YwsMLqkG1ecvgBonwKZpVGt5gNnn61qX97p1Ys4ag/Screen%20Shot%202018-07-25%20at%207.42.14%20PM.png)
### The daily RSI reveals a wedge. If EOS can break above the wedge, it’ll likely break above the $9.45 resistance. A drop below may mean a testing of the lower $6.90 support. 
![Screen Shot 2018-07-25 at 7.39.27 PM.png](https://cdn.steemitimages.com/DQmPpi7vD9VSDVDTgGtnJJuHEcb9ymWVVnA5xyNH7p3BhRm/Screen%20Shot%202018-07-25%20at%207.39.27%20PM.png)
### If EOS can break above $9.45, my bullish scenario will be in play. Here’s how it might play out:
![Screen Shot 2018-07-25 at 7.38.00 PM.png](https://cdn.steemitimages.com/DQmdwhJPcmvnPQWYY8cHQnbzHDnLWzvvPmhhyB81rkXtnRw/Screen%20Shot%202018-07-25%20at%207.38.00%20PM.png)
### Watch my video analysis for MUCH more detail not found above. If you’re not watching my videos, you’re only getting half the story. 
### *If you’re viewing this on a site other than Steemit, and you don’t see the below video, navigate to Steemit in order to watch.*
## Video Analysis:
https://youtu.be/erJNRrm_4Gk
**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:**
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@forex-intraday ·
We both had the idea to start a Youtube channel :)
Following you. Good luck!
👍  
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@workin2005 ·
Cool...Yea, I've been posting videos on YouTube for about a month. I really don't advertise over there as I prefer people view it on TIMM and/or Steemit. Followed you back my friend!
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