SUMMARY
The EOS/BTC pair shows a very distinct, crisp and vintage Cup & Handle pattern. It's interesting to see that the genesis of the pattern dates to the listing of this coin. The most imediate pattern was an abc that completed and the following impulse of five completed the cup formation. Since the handle pattern is currently in progress, the likely target of retracement could be the 0.618 zone, as shown in below chart.
The 240 minute chart view shows that an ABC is probably the best fitting correction. Since the handle is coinciding with a retracement equal to wave 2 of a higher degree of trend, the deepth is usually 50% but given the overall Cryptosphere corrective sentiment, the 0.618 is selected. The five subwaves of the final C wave shows one more remains; wave 5. The level of C is currently also equal to the prior wave 4. Let's see howe the overnight price action takes this.
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