Blue arrow is the "most optimistic" outlook for now.
I still think EOS is in serious trouble, see link below.
"Ideal Bounce" zone would be a Very retrace.
"Clusters of Fibs" area could Consolidate for few days.
"Bulls Last Stand" is likely last stop before new lows.
"Gamble Buy" is in anticipation of a fast and furious Bounce.
"Decision Zone" will accelerate movement to either side.
"Resistance" zones in red will almost definitely react.
My General Sentiment:
Until $3.25 is taken and established as support, Bulls are in severe danger.
But am a long term bull on crypto in general, and EOS is one my must-haves.
Given the Chinese government flip flops, this asset will take some time to rise.
See this plot below for a big picture and why $3.25 is so critical:
Zoom IN using Hieken Ashi candles to smooth out the gaps, we have confirmation of the last fib series (red) and a zone that can be removed (or fine tuned)
Also of note is the NEGATIVE .618 of the impulse down which marked the new high.
It is unusual for an Impulse to have an effect in the opposite direction but it does happen.
I guess that might be what makes for "Harmonic Patterns" such as "Gartley" and "Bat" patterns.
In summary, back to square one (Decision Zone) to .... well... make a decision I guess.
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