EOSUSD Breakout of Consolidation by chris-d

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· @chris-d ·
$13.46
EOSUSD Breakout of Consolidation
EOSUSD broke out of its wedge consolidation after making massive gains. Consolidation after a big run is important to move into another wave higher. The consolidation was well managed and it's blue sky ahead for EOS.

![Screen Shot 2018-01-10 at 1.59.11 PM.png](https://steemitimages.com/DQmamMBhBNqEScFLW39tmskGagZdXif7oKV1732w8uATQBy/Screen%20Shot%202018-01-10%20at%201.59.11%20PM.png)

A couple of outcomes expected:

-Healthy move would be above new high, then a bit of a pullback and head fake scaring weak hands, then move higher.
-Can't make new highs and profit taking commences and we come back to take another shot at it in the future. 
-Spike hard and fast above new highs with money rotating out of ETH and LTC to catch this weeks XRP. 

_This analysis is circulated for informational and educational purposes only. There is no consideration given to the specific investment needs, objectives or tolerances of any of the recipients. Additionally, actual investment positions may, and often will, vary from its conclusions discussed herein based on any number of factors, such as investment restrictions, portfolio rebalancing and transactions costs, among others. Recipients should consult their own advisors, including tax advisors, before making any investment decision. This report is not an offer to sell or the solicitation of an offer to buy the securities or other instruments mentioned. The research utilizes data and information from public, private and internal sources, including data from actual trades. While we consider information from external sources to be reliable, we do not assume responsibility for its accuracy. The views expressed herein are solely those of the author as of the date of this report and are subject to change without notice. The author may have a significant financial interest in one or more of the positions and/or securities or derivatives discussed._
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