My current perspective on EOS is a 5-3-5 zigzag from the ATH. Wave C is coming to end with wave 5 currently in play which is breaking down into an ending diagonal.
In the shorter term i believe price could rise to around $7.66 - $7.8 which is between the .382 - .5 fib levels of the move from wave b to wave c. followed by a small retracement for wave E and then a ...
#BTCUSD Current count for $BTC i will be playing.
A break below the lower trendline could see price fall to 4.8k which would invalidate my scenario however is possible as it is a 1:1 extension of the zigzag currently in play, and around the .786 fib level giving greater significance.
chart via www.tradingview.com