EOS – u-turn in front?
Hello everybody,
EOS shows one of the most interesting charts compared with other cryptos. There is a beautiful a-b-c correction pattern with a nice wave b overshoot as you can see in the chart above. Some think that this was the regular high – it wasn’t. It was a perfect bull trap.
Since then EOS is forming the last correction wave c of 2. Now we are in the final wave 5 of c of 2. Wave 2 is looking for the bottom now. So, we have a good chance to complete the correction during the next days (hopefully not weeks). And then we will see a turn around to new highs, or we will see EOS crashing down to hell, but I do not believe in that.
As often there are three scenarios we have to consider…
Scenario 1 (10% chance)
EOS is starting a rally right now.
Scenario 2 (5% chance)
EOS is going to hell.
Scenario 3 (85% chance)
EOS is completing the final wave 5 of 5 of c of c of 2. As you can see in the chart above, the ideal target of wave 5 is the 100% extension at 2.85$. It is most likely that EOS will end the correction between this level (2.85$) and 2.10$ right in the middle of my green and yellow (detail) trading box.
There is a lot of resistance on the way up, but it’s possible to make it through and give us some new highs. We have to be patient… seems to be the last mile…
Please leave a comment or a message, if you have any questions.
Take care,
tgo
EOS shows one of the most interesting charts compared with other cryptos. There is a beautiful a-b-c correction pattern with a nice wave b overshoot as you can see in the chart above. Some think that this was the regular high – it wasn’t. It was a perfect bull trap.
Since then EOS is forming the last correction wave c of 2. Now we are in the final wave 5 of c of 2. Wave 2 is looking for the bottom now. So, we have a good chance to complete the correction during the next days (hopefully not weeks). And then we will see a turn around to new highs, or we will see EOS crashing down to hell, but I do not believe in that.
As often there are three scenarios we have to consider…
Scenario 1 (10% chance)
EOS is starting a rally right now.
Scenario 2 (5% chance)
EOS is going to hell.
Scenario 3 (85% chance)
EOS is completing the final wave 5 of 5 of c of c of 2. As you can see in the chart above, the ideal target of wave 5 is the 100% extension at 2.85$. It is most likely that EOS will end the correction between this level (2.85$) and 2.10$ right in the middle of my green and yellow (detail) trading box.
There is a lot of resistance on the way up, but it’s possible to make it through and give us some new highs. We have to be patient… seems to be the last mile…
Please leave a comment or a message, if you have any questions.
Take care,
tgo
HK-Capital-Management
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