EOS exploded off the 3.75 bottom and put in 5 waves up to 6.30. It then started what looked like a normal ABC correction in red. Yes the B wave went a touch higher than wave 5 but extended flats are not that uncommon. I would expect wave C to reach between 4.90 and 5.20 where we can reenter. HOWEVER the B wave was so explosive and EOS could be consolidating in a triangle, which has 2 small waves to go before a breakout.
A breakout here would be incredibly bullish as starting another leg up now with BTC on its 5th subwave of wave 3 would set EOS up to put in 2 complete 5 wave impulses bringing it to about $10 while BTC makes its way up to 10200 before a big correction (my read of course, no guarantee any of my counts are gonna hold...even though they have all been right thus far).
GL trading
A breakout here would be incredibly bullish as starting another leg up now with BTC on its 5th subwave of wave 3 would set EOS up to put in 2 complete 5 wave impulses bringing it to about $10 while BTC makes its way up to 10200 before a big correction (my read of course, no guarantee any of my counts are gonna hold...even though they have all been right thus far).
GL trading
Comment:
EOS has broken out of the ascending triangle and is currently on a small retrace off of 6.40 where it took a breather as BTC stalls on its climb. EOS is just exploding up every time BTC makes a small move up so I expect it to surpass $7 today, well on its way to clearing $10 over the course of the next week or 2.
Comment:
WOW, simple answer YES EOS CAN BE THIS BULLISH...EVEN MORE SO. After a BTC dip EOS absoluely exploded up moving 80cents or nearly 15% in 1hr. Looks like the 3of3 is underway and EOS is flying