EOS - I'm not necessarily convinced by the wave counts here but what I do like is the fact that it's outperforming BTC.
Looking at Fib levels, I think if price can go and remain above ~13$ it could easily reach 23$ at which point I would also look for the 1.272 Fib level at ~50$ .
That's simply because when price tends to break above the 78.6% Fib retracement level, it has a tendency to at least touch the 127.2% level.
Comment
Bulls tice tried to move price above 13 but bears came right back and pushed price lower... For now, we have to remain out of this name butt if price makes a new high, we can get interested in it again.
Questions? Chat or Comment on Ideas Don't forget my public Telegram channel - t.me/em16public
Thanks !
Also on:
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.