It's Alt - Season, boys! Fibonacci tells a story once again. Observe, friends that EOS has of course, moved out of it's downtrend and is now following a steady uptrend of progress towards..two targets, 12000 and 15000.
I expect a move very soon, as we have just entered the 0.618 fib time zone. Now, let's hope for a similar reaction to what we got from the .382.
Based on the retracements, I believe we could follow these channels all the way to our targets. Of course, as always, it will depend somewhat on what bitcoin decides to do here.
Let's watch! Good luck traders.
Previous analysis:
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Yikes, stay out of EOS! Last time this happened, EOS was a bottomless short. Not good for EOS.
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currently I'll be looking for a strong reaction, daily reversal candle. Then, I will create a new analysis. It's clear that either, the uptrend channels were either not valid or, not strong enough. Either way, back away slowly, or short this puppy down.
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hey sometimes you're right sometimes you're not :D