After seeing a massive run from from the consolidation zone and tight squeeze at the end of March, EOS has made a near 100% ROI having now completed the breakout pattern and reached the projected profit target.

This is a significant P/L gain in the span of less than 2 months!!!

For those with the eye to spot pennant and symmetrical triangle formations, there were a number of smaller time frame break out opportunities to join the bullish momentum if you missed the major consolidation zone as part of the larger pattern.

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Where to now for EOS?

I would expect EOS to enter into profit taking mode and see a retracement now that the projected target has been made. The overall trend is very bullish but after this significant run, there is no high risk/reward set up on offer to simply continue with long trades.

If you haven't already, this is the time to bank profits and wait for the next pattern to emerge or look to other alt pairs.

Do not FOMO in.

Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.