#EOSProject analysis of the EOS/USDT chart

1. Overall trend:

• It is evident that the price has made a significant rise from $0.40 to $1.54, then retraced downwards.

• Currently, the price is $0.7681, indicating a deep correction after the impulse rise.

• MA (26) is above the price, suggesting possible selling pressure.

2. Wave structure:

• Based on the chart, an upward impulse movement can be identified (possible wave 1).

• Then a retracement downwards (possible wave 2).

• If the correction has ended, a new upward impulse (wave 3) is possible.

3. Support and resistance levels:

• The nearest support level: $0.5939 (if the correction continues).

• Strong resistance: $0.8448, then $1.09 and $1.35.

Elliott wave forecast

• If this is the beginning of a new impulse, wave 3 could push the price above $1.09.

• If the price does not hold above $0.768, a deep retracement to $0.59 is possible.

• MA (77) acts as support — if the price holds above it, growth is likely.

Conclusion

• Currently, EOS is in a possible reversal zone.

• To confirm growth, a hold above $0.84 is needed.

If the $0.768 level does not hold, there is a risk of decline.

Important levels: $0.59 (support), $0.84, $1.09, $1.35 (resistance)