1. Bounced of support at 0.00001400 area
2. Above 200EMA - Acting as support and already tested it as support
Currently in Elliot Wave 4
Exit: Elliot Wave 5:
0.00002500 - 0.00002663
Also we might be forming a cup.
**This is not a trade advice. For Educational Purposes only** DYOR **
EOS has formed inverted cup and handle and if it breaks Support 1, it may go down till Support 2 (Technically it should go till Red Line, but being fundamentally strong, I doubt it will), which is previous resistance.
Also MACD is trending down.
But zooming out on chart, is a huge HUGE Cup and Handle meaning it won't be too long before it bounces hard.