Thread by @ChingasX

#EOS
$EOS / $BTC - BINANCE

Let's talk about it...
Looking at the #PAS we see a 30% Peak gain on the 30 Day with a 25% pullback - Chart Time
Big drop Nov 27th - Created a fantastic V bottom reversal
Solid retrace from the drop to the 709 zone - settling Daily bodies on the 618

After retrace we went sideways in a relatively unproductive manner
BUT... All that sideways action over the last 51 days did leave behind one little nugget of hope...
We'll call it a cross between an ascending and Sym tril - either way, I Like the breakout play on the 8th.

First Big impulse move got us a quick little 382 pullback before continuing on to the move that broke us free.
The Breakout was as beautiful as it could be.
Flipped Horizontal R to S and a retest at the 5
The third big move has found support at the 618

And the Current Pullback from the current local trend has not quite hit the 382 and currently finding the 236 as R.
Setting targets off the breakout move we can see the 1.618 was already hit.
Looking at the 2.618 with continuation of current local trend.

It may be a little difficult to see but the 4.236 Target is also the 236 retrace from ATH to Current Local Bottom....Good Times.

What is ALL of this without a little confluence?
How about the 200 Day MA supporting our current action?
The 8MA has just crossed over the 200

Only Fair to mention the 200 EMA is Current R!
More confluence from the Daily RSI - Showing a Breach at 70, pullback, a HH on the second breach and a current pullback.
I thought it was equally interesting the the R from the last move is also the POC from the profiler from Oct

Do take note of the Green trend line from before the drop...
A pullback to that trend would not surprise me.
It's a solid trend to break and re-test.

So, in summary, if we get the pullback I am looking for then this can be a very interesting trade.