Update on EOS: Elliot wave & channel, double bottom, pennant

EOS/USD daily chart:

EOS is currently in a descending channel, bouncing the third time from the lower support line
the 5 wave Elliot cycle could end here (if no further dips) and a bullish ABC cycle could start
our last dip can count as a double bottom
the RSI is still very oversold, right now at the 30 mark

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EOS/USD 4h chart:

we're forming a pennant and could break either lines, but usually bearish pennants tend to break down
the price had a bullish cross over the TK (dark blue) but finds resistance at the 50 MA (light blue)
the RSi now confirms the price action, after we had athe bullish RSI divergence (green dotted)

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EOS/BTC daily:

if you're trading in sats, you just made a nice profit
EOS is currently bouncing between the 0.786 and 0.618 fibonacci retracements from the last run
we had an attempt to break the 0.5 retracement but the 50 day MA (light blue) pushed us back down
the Tenkan is at the moment overlapped with the Kijun, so we don't have a bearish cross (yet) and the green Kumo seems to continue for now

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Here are some of the exchanges I use:

Bitfinex - my most used exchange
Binance - most popular exchange
Kucoin - excellent exchange, rising in popularity
Gate - for small cap / new coins
Huobi - margin trading

ALWAYS CREATE A DIFFERENT PASSWORD FOR EACH EXCHANGE!
NEVER HAVE THE SAME PASSWORD TWICE!
SAVE THE PAGES TO YOUR BOOKMARKS, SO THAT YOU WON'T CLICK ON SCAM SITES! MANY GOT FOOLED AND LOST A LOT OF MONEY!

Thanks for reading and safe trading!✌

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