Hello Traders,
I have been looking at EOS today after the retrace did not even touch cleanly on the 0.382 fib and have never seen anything so bullish.
Literally no bearish diveregence anywhere in the RSI like most other coins right now, instead I have seen a big slab of bullish divergence and EOS appears to be in a rising wedge looking to break $18.65 resistance which was the top of the last EW sequence.
I have to therefore assume EOS is on a mission to space.
Bullish divergence on the RSI with plenty of room to move up in a rising wedge with support from the 50 EMA coupled with EOS main net launch its just showing no signs of stopping.
Here is a projected target for this wave up.
I have been looking at EOS today after the retrace did not even touch cleanly on the 0.382 fib and have never seen anything so bullish.
Literally no bearish diveregence anywhere in the RSI like most other coins right now, instead I have seen a big slab of bullish divergence and EOS appears to be in a rising wedge looking to break $18.65 resistance which was the top of the last EW sequence.
I have to therefore assume EOS is on a mission to space.
Bullish divergence on the RSI with plenty of room to move up in a rising wedge with support from the 50 EMA coupled with EOS main net launch its just showing no signs of stopping.
Here is a projected target for this wave up.
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Here is the rising wedge holding steady.
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Not financial advice.
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Just so you can appreciate the scale of bullish divergence here is another pic.
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Here is the MACD indicator. It looks like its been emptied and does not want to go any lower. Ready for launch.
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We are forming a support here. Volume is increasing.
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I think I can spot a fractal forming.
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wrong pic. here is another one.
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I am spotting bullish divergence on the 1 hr.
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actually ignore that div. im just looking for anything that makes eos look bullish at the moment and that pic above is nothing.
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I have to say EOS really does look strong. Even with BTC dumping at the moment support for EOS is good and EOS-BTC pair up 5%. In fact looks like one of the few coins that are still in the green against BTC drop.