With so many achievements, the price is overextended and a correction is imminent. It's quite extraordinary that EOS has recovered the price just before the capitulation of Nov'18 and probably the first in top 10 to hit the 350 DMA line.
After 5 waves are done, its hard to judge the correction target. But I left 2 possibilities based on the Fib levels.
- Price completely recovered to Nov'18 levels
- Hits the 350 Day MA line. Strong resistance
- 5 Waves (Green) are done. ABC correction should follow
- Reached the blue channel top
After 5 waves are done, its hard to judge the correction target. But I left 2 possibilities based on the Fib levels.
Comment:
Comment:
EOS on the way to our first target at 0.382 Fib. Hope this helped