A view on EOS - Bullish or B wave?

$43.50 or $3.50? Are we in for the last leg up before a larger degree pullback? Or do we go lower first?

So my last photography post didn't see that much recognition. Sigh. I guess crypto is what gets people going around here, and I have to confess that as well have spent much more time on it than on photography during the crazy year 2017. :)

So, EOS.

For long, EOS kept inside a strong uptrend channel that started in November, and hit the bottom of the channel more than five times! That proves the channel has got to have some significance!

In December it finally broke down in a flash crash after having topped in its third wave at $12.50. Went below the channel, retested and has since been stuck in a range.

The tricky part is interpreting that spike down to $3, as exchange slippage, panic selling and low volume make it hard to distinguish clear support and resistance levels. It quickly shot back up from there, and many didn't have time to take part of the sale, including me. However, I still have hope to get it cheap, because it's not clear whether the fourth wave bottom is in, or if it's still in a B wave.

Hope might be all we get, though, since it's easy to be left holding the bag waiting for 'proper' crypto retraces! EOS has been showing some strength during the last days, and it's getting closer to that all-time high. However, until it breaks out, I'm still being cautious for that potential C wave down!

That's it! Remember to keep your core!!