Quick one today everyone.
The first wave up went to just above $18, then corrected to just below the 0.786 fibo.
The second wave up went to just above $23, and then corrected, currently sitting just below the 0.786 fibo.
Is EOS ready for a move up? Using the ratio of peaks (second peak / first peak), the projected target for the third peak is $28 ... but $30 can easily be a level that it gravitates to.
On the downside, of course BTC going down will likely cause further EOS correction ... but I do see the $6 range as strong support. Likely the buy zone is $6 to $7 and the we wait it out ... if BTC starts a rally, EOS could do very well.
Remember, only a fool relies on one potential outcome!
Do not use this information for financial decisions. For educational purposes only.
The first wave up went to just above $18, then corrected to just below the 0.786 fibo.
The second wave up went to just above $23, and then corrected, currently sitting just below the 0.786 fibo.
Is EOS ready for a move up? Using the ratio of peaks (second peak / first peak), the projected target for the third peak is $28 ... but $30 can easily be a level that it gravitates to.
On the downside, of course BTC going down will likely cause further EOS correction ... but I do see the $6 range as strong support. Likely the buy zone is $6 to $7 and the we wait it out ... if BTC starts a rally, EOS could do very well.
Remember, only a fool relies on one potential outcome!
Do not use this information for financial decisions. For educational purposes only.
Comment:
Uhhmmmm, I swear that increase in EOS is just coincidence! LOL. People, obviously BTC is a little bullish right now (short term), which is helping ... but the EOS reaction, is just another indication of how this coin is ready to move up. I'm long.