EOS trying to break multi-month resistance and is a good candidate to produce a big leg up. If btc will have another leg up we could see EOS really as did LTC previously. It could go up to 40% to next major resistance around $4.2. I will be watching this closely and enter a long position if I see that it break out the resistance. I would cut the position if it dropped below the breakout resistance. It would give me risk reward ratio around 3 which is really not bad. My targets would be moderate as we are still in a bear trend so I am going with smaller profits. I would take some profit on 0.5 Fibonacci and the rest at 0.618 which nearly matches next major resistance @$4.2.
Trade closed: target reached