With so many achievements, the price is overextended and a correction is imminent. It's quite extraordinary that EOS has recovered the price just before the capitulation of Nov'18 and probably the first in top 10 to hit the 350 DMA line.
After 5 waves are done, its hard to judge the correction target. But I left 2 possibilities based on the Fib levels.
- Price completely recovered to Nov'18 levels
- Hits the 350 Day MA line. Strong resistance
- 5 Waves (Green) are done. ABC correction should follow
- Reached the blue channel top
After 5 waves are done, its hard to judge the correction target. But I left 2 possibilities based on the Fib levels.
Note
Note
EOS on the way to our first target at 0.382 Fib. Hope this helped
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Follow me for more updates
twitter.com/imkeshav
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twitter.com/imkeshav
youtube.com/channel/UCskbBdZstBUQ_4y2o912zzw
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.