SyedFarhan95

SyedFarhan95

Hi Everyone, As you ca see from the chart, EOS is clearly on falling wedge and is at near support of the bull flag. The RSI has little more room to go down to complete 5th wave and the MACD aligns with it. We can see little more downtrend around 5.8-6.3. A good buy opportunity to go long on it. Anything below 5.8 will invalids this pattern.

SyedFarhan95

Hi folks, We all know that rising wedge is an bearish pattern, lately BTC is working on a rising wedge. As you can see from the chart it has formed the same pattern previously, I believe this the fractal repeating that will lead us more down. Prepare yourself for this ugly move !! We need serious volume spike to invalidate this wedge.

SyedFarhan95

In a Triangle, Can fall either way ! High probability of going up as there is slight bullish divergence.

SyedFarhan95

Hello Mates, Jumping direct to the chart we can see that, BTC right from where the pump started is working on rising wedge. Although we are due for correction since the market has pumped. Lets see how this works out.

SyedFarhan95

Hello, This is 2 hour frame chart , $8900 will be a good buy zone. The Elliot wave says that if wave 2 does not retrace much then wave 4 will do retrace alot. And also wave 4 cannot enter wave 1 territory, otherwise that will simply imply wave impulse failure. Since wave 4 has already retraced much more we see that it should finish off the wave 4 around $8900...