EOSUSD A beast getting ready to have run of its life
Hi everyone,
Good to see that the old high caps are starting to gather momentum.
As per my previous analysis of ZEC at 135 region, it has reached 175 dollars.
Now is the time for EOS.
For long time, i am monitoring EOSUsd pair and It has a strong resistance area of 4.90 to 5 dollars.this week closure and 3d closure is very important as i am anticipation a closure above 5 dollars which will give a lot of strength to EOS.
As per ELliot wave, i am looking for a larger wave C with a potential 3-6 month target of 50 dollars which is about 1.618- 200 fib extension level.
From 5 to 50 would be a great return and risk matrix is low as i would entering at these low levels.
Also, Rsi on 3day chart clearly reflect 40 region as strong support where it created double bottom. In the future, i am looking for rsi to reach 80 levels for price exhaustion.
Thanks everyone,
Best of luck
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Good to see that the old high caps are starting to gather momentum.
As per my previous analysis of ZEC at 135 region, it has reached 175 dollars.
Now is the time for EOS.
For long time, i am monitoring EOSUsd pair and It has a strong resistance area of 4.90 to 5 dollars.this week closure and 3d closure is very important as i am anticipation a closure above 5 dollars which will give a lot of strength to EOS.
As per ELliot wave, i am looking for a larger wave C with a potential 3-6 month target of 50 dollars which is about 1.618- 200 fib extension level.
From 5 to 50 would be a great return and risk matrix is low as i would entering at these low levels.
Also, Rsi on 3day chart clearly reflect 40 region as strong support where it created double bottom. In the future, i am looking for rsi to reach 80 levels for price exhaustion.
Thanks everyone,
Best of luck
Please like and subscribe for more analysis
Comment:
well well we had a breakout above 5 dollars yestesday and we got a solid reaction today. Market has broken downward structure and now waiting to cross 5.50 which is the next resistance