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a1Keith
Jan 24, 2018 11:38 AM

EOSUSD Long

EOS / DollarBitfinex

Description

EOS has retraced from its recent High at 15.66.
Price has gained support on top of the median line of the very large fork.
The retracement over the last few days follows a Flag pattern .
In the last few hours price has followed this Schiff Fork very accurately.
A breakout may occur within the next few hours.
I would consider a stop below 12.75 and a profit target around 14.32
There could be a retracement at the top of the flag around 14.32

Comment

The big picture:
We can see that a move to 16.71 is possible

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