EOS continues to fight an impending retracement. Because we keep consolidating at this range after an impulse move, this can almost be classified as a bull flag
or a potential bull pennant
if you look on lower timeframes. I personally like to swing trade, so Iâ€™m basing movements off the 4HR charts but lower timeframes like the 15m â€“which is significant in cryptoâ€”tell a different story. Be that as it may, my position remains, but I may close out earlier than $4.05. I am now looking to take profit at $4.20 and then take more profit at $4.10 with the likelihood of re-longing at $4.00. There is still a possibility we move up from here and if thatâ€™s the case, I am just going to short at $4.80 even though that may take some time.