EOS, like many cryptocurrencies faced a setback with the Santa Claus effect, but looks primed for another breakout. It appears to be in the consolidation phase, the fourth and final phase of the dragon head pattern. In Cryptocurrencies, a breakout is a virtual certainty with this pattern. We appear to be in the first segment of a new Elliott Impulse wave, so there is still time. Both Kovach Momentum indicators are still strong, and the price hasn't caught up yet. Also, we are hovering at a strong Fibonacci Level which should provide support.
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