EOS is amongst highcaps (ADA,BCH,ETH,TRX,XRP,EOS) the most bearish and very likely started downtrend, because from the top, EOS already dropped 27% and those were really impulse downside moves. Now price formed probably ABC correction and wave "C" has shape of raising wedge. We should probably see one last move to the upside, but then EOS should drop very hard once again. I will be very patient with my SHORT entry, but I really don´t want to miss that, this setup will have just perfect risk reward ratio.
Trade active:
I am in short since 4311 satoshi. Top is probably set.
Comment:
Wedge is probably invalidated now, but I found something interesting in EOS/USDT chart. This chart is also very bearish and price created triangle and hit target. That probably mean, that TOP is set on BTC and maybe on ETH/BTC. So I am still in SHORT on EOS/BTC.