EOSUSDT SPOTUpdated EOSUSDT Buy opportunity
EOSUSDT has completed Wave 2 within the current impulse wave cycle, positioning the market for a potential Wave 3 expansion, typically the strongest in an Elliott Wave sequence. The weekly timeframe RSI exhibits bullish divergence, indicating weakening bearish momentum and a possible shift in trend structure.
Price is currently trading within a key accumulation zone, aligning with previous demand levels and Fibonacci retracement confluence. A sustained breakout from this region would confirm the initiation of Wave 3, targeting the projected Fibonacci extension levels.
Profit-taking zones are outlined on the chart, with mid-term resistance areas acting as potential reaction points. A failure to hold the accumulation zone may signal further corrective movement before a larger expansion.
Price is currently trading within a key accumulation zone, aligning with previous demand levels and Fibonacci retracement confluence. A sustained breakout from this region would confirm the initiation of Wave 3, targeting the projected Fibonacci extension levels.
Profit-taking zones are outlined on the chart, with mid-term resistance areas acting as potential reaction points. A failure to hold the accumulation zone may signal further corrective movement before a larger expansion.
Trade active
Price tap inside the accumulation zone, this watch keeping an eyes on and see how the market develops.
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📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Advert/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
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📩 Advert/Partnership: t.me/WESLAD
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.