EOS in the short term appears to be out of steam with 5 waves spent. As EOS enters into its A,B,C correction, I am leaning on both fibonacci (i.e. 0.618) and a (potential) head and shoulders pattern for the target.
After this point, I'd like to see EOS continue its long term impulse upwards, but this is all dependent on how BTC performs at the high 5's to low 6's range which has been holding since the 2018 crash.
We'll see how this call plays out, and if it reaches target, I'll create a new chart taking into consideration BTC.
After this point, I'd like to see EOS continue its long term impulse upwards, but this is all dependent on how BTC performs at the high 5's to low 6's range which has been holding since the 2018 crash.
We'll see how this call plays out, and if it reaches target, I'll create a new chart taking into consideration BTC.
Note
EOS/USD has a similar target around $5.80 USD
Trade closed: target reached
The drop in EOS/BTC hit the mark perfectly. Peace out.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.