EOS/BTC
After the rise in wave A-1 and correction until 61% Fibonacci, it has taken a new path to rise.
But until now, the current movement cannot be counted as a strong impulse and can be just a small rise after the correction in the form of “B” and then we might have a third wave of fall.
Red rectangle is an important resistance area for the current movement and if it crosses with strong candles and stabilizes over it, we can expect more rise in price in form of third wave of rise.
#Result
According to the current price movement and oscillators, it is not recommended to enter but in case you already have this asset, we can expect some more improvements and rise in price.
Therefore you can keep on moving your stop loss to a higher value in a dynamic way so in case we have a fall, you dont lose big.
In case if current scenario changes and we expect more growth, new chart will be updated.
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