EOS is possibly forming a B wave and may retest $13.5-$14. If this fails we may see the C wave to $11.50 With some nice bullish momentum breaking the $14.00 we should see the continuation of the wave. All price points are shown in the green boxes above. **Disclaimer - not financial advice, please trade with caution and DYOR. Any comments are very appreciated.
Looking for the strong bullish break @$13.5 Otherwise expecting C wave down to $11.5 Both waves are shown in varying colors. **Disclaimer - not financial advice, please trade with caution and DYOR. Any comments are very appreciated.
I believe we just started the much anticipated impulse wave, if this is the first leg up then I expect a small retracement to at least the 0.50 fib retracement near the green box close to $11.5 mark. The RSI and Volume needs to stay bullish within the 1hr + time frames for this hold true. If the $13.00 support line holds then we have a very bullish wave coming...
My previous post showed two possible outcomes. After failing to break the 11 price point it continued to drop into either a wave 2, or C wave as shown in the chart above. Anything below the thick Red line invalidates my idea. The green box is to indicate the possible buy zone in completion of the C wave to hopefully begin the impulse wave. Any comments are...
Currently in trade @9.3271 Stop @9.3042 TP (short term) - $10.9208 TP (long term) - $16 The $11 mark needs to be absolutely demolished along with heavy buy volume for this to start playing out. If we get another hard rejection then it makes more sense that we are in the C wave still of a larger move. **Disclaimer - not financial...
This is my first idea so any tips, or helpful ideas on my analysis would be appreciated. I see two possible moves from EOS and would like to know what would validate one or the other. I am currently long.