#eos long around 61.8fib support if short-term #bullish butterfly is confirmed around D(PRZ)

In the past few hours #eos has dropped almost 11% from 12.98 to a low of 11.54

Currently eos is trading below 20,50 DMA's (13.32 & 31.38)

However there is support at 61.8fib retracement at 11.21 & below that 100DMA at 10

If the support at 61.8fib holds then we can see a short term bullish harmonic pattern in development (Butterfly)

This setup is only valid if we get perfect ratios for the C and D points, if not then it will be invalidated.

I am expecting a long around the D leg(PRZ for butterfly) if we get RSI divergences in lower t-f around 11.21 region.

Open: long-11.22
Tp1: 11.7-11.85 (around 61.8fib of CD leg)
Tp2: 12.25-12.32 (around 127.2fib of CD leg, below the 4H SMA 20,50&100 resistances)
SL: 11.1, Risk: 1.08%
R:R= 8.44

UPDATE: This #EOS Intra-day Trade is invalidated now, as the butterfly that was forming on $eosusd got dead, since its Leg ratios are not aligned(as per fibonacci) now.

You can find the updated analysis here also:

https://www.tradingview.com/chart/EOSUSD/7DqWcClk-eos-long-around-61-8fib-support-eosusd-crypto-eos/

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