EOS looks to be forming into a after a recent very was created. As of now, the top and bottom of this possible have only been tested twice each. This doesn't make the very strong and could also be forming a pattern instead. If the completes, the breakout will most likely be and will be met with resistance at the 161.8% fib retracement level. Although, after measuring the breakout, the target for this breakout will be slightly before the fib level, but closer to the resistance caused by the .
If the pattern occurs instead, the price will be expected to travel about the same magnitude, but in the direction. The price is expected to mee resistance at many points on its trek downwards but the greatest resistance will be at the price point of around 0.00051000.
Important Resistance Levels: 0.001, 83336
Important Support Levels: 0.00068, 0.00065
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Senior Research Analyst