Either it starts to crash or a huge bounce is waiting
.90s bounce towards 1.20 and then l00king for lower high, lower high, lower high and eventually wash back to .75
If $1.13 - .15 fails down we go
Attempting to map out EOS's path for the remainder of the wave pattern. Added the correction (attempted not the best at correction waves). Feedback is much appreciated!
This is an ascending triangle. Here is some details about trading it from a book called: Trade Chart patterns like the pro's, by Suri Duddella Trade: Trade a clear breakout of the top trend line. Enter a "long" trade one tick above the high of the breakout bar. Confirm the breakout by volume or other indicators. Target: "Ascending triangles" have excellent...
The count on EOSUSD strongly suggests that we have bottomed and have just started a Wave 1 rise. Since this is the beginning of the impulsive wave and there is no price history, it's still unclear how high it will rise in the immediate term but that should become clearer as the price action takes shape of a 5-waves up. There is of course always the possibility...
EOS has seen a massive pump, with MACD slowing down I have gone short expecting a correction - also with BTCUSD pumping towards ATH we may also see money flow out of Alts furthering the short - tight stop as the rocket may continue but we should know in an hour or two imo..
EOS just triggered a buy at a critical level. Trade at your own risk!
I expect down, for a next floor, but possible EOS will wake up. I'll be wait end of triangle
Good chance this is a bottom, stop at old lows for safety. Looks like an Adam and Eve double bottom.
If this isn't the movement I will more than likely be cutting back on my investment significantly.
All is on the chart Enjoy the ride!