![Screen Shot 2018-06-15 at 6.20.45 PM.png](https://cdn.steemitimages.com/DQmbr6sL1CCknNr63LcQhWD4G9CE1R6p5iKrebioH73BGUj/Screen%20Shot%202018-06-15%20at%206.20.45%20PM.png)
### EOS has broken below the 0.618 fib, indicating the bulls have very little fight at the moment. Price bounced off the 0.786 fib and is hovering over it as I write this update. If it decisively breaks below the 0.786 fib ($7.15), it'll likely drop to the $6.90-$6.60 demand zone. I do expect EOS to find some support there...at least in the short term. 
### If you’re a bull, you’re looking for a double bottom scenario where we see an impulse up start around the prior low of $6.55. I plan on having small buy orders stacked between $6.70-$6.55, with a VERY tight stop-loss set at $6.45. If price decisively breaks below $6.55, we could see a quick drop to the $6.00-$5.75 support zone. 
![Screen Shot 2018-07-31 at 5.56.27 PM.png](https://cdn.steemitimages.com/DQmZcyvHNzmdR1BfTUVQWjDubWqu2dUPj85fmx9epLbN1k5/Screen%20Shot%202018-07-31%20at%205.56.27%20PM.png)
### Looking at the 1 day RSI, we can see it’s about to test the bottom of the wedge. Bulls need to defend this support. 
![Screen Shot 2018-07-31 at 5.57.11 PM.png](https://cdn.steemitimages.com/DQmQrC7kZesTEB75Y7JbJAuLpKW5FTTpJUMK7F98jcoyMxX/Screen%20Shot%202018-07-31%20at%205.57.11%20PM.png)
### Zooming out on the daily chart, we can see price is about to test the ascending support line that’s been in place since November of 2017. A break below would be a very big win for the bears, and signify continued weakening of the market. 
![Screen Shot 2018-07-31 at 5.58.49 PM.png](https://cdn.steemitimages.com/DQmPq4TmGS8K6GK9k9NM11L4MSBKgAa5CWw5H1XuR4BP1KJ/Screen%20Shot%202018-07-31%20at%205.58.49%20PM.png)
### In todays video analysis below, I discuss possible trade setups, my absolute must buy zone and MUCH more. If you’re not watching my videos, you’re only getting a small part of the story. 
## Video Analysis:
https://youtu.be/NTAIo21RRKA
#### *If you’re viewing this on a site other than Steemit, and you don’t see the above video, navigate to Steemit or https://mentormarket.io/profile/@workin2005?aff_id=Workin2005 in order to watch.*
### BIAS:
**Short Term: Bearish**
**Longterm: Bullish**

**I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!**
### *Workin*
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