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.
I've been watching all the guys summizing on their charts to no avail. I knew a week ago this wasn't gonna be a simple theoretical down turn with a few weeks till launch. . Today's total resistance at $17.30 proves theres a solid base here and i hope we haven't missed a rebuy at that . I knew at the moment it hit 15.90 i should have gone all they way back in but couldn't believe it hit that so quickly and was waiting for 15,whooops ha ha . I also made the mistake of looking at some ridiculous charts showing 13 and 11 on the 9th hoping for a bigger cherry to bite on , mental to hope for that with eos right now ..
Thanks for the time and effort on here tho cryptodisco appreciate it ..
Here we go !!
bbjansen
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@ChrisBrackpool, Same. I watched it drop into the low 16's twice and didn't buy, thinking it would enter the 11-14 zone. After six days watching from the sidelines waiting to buy in, I got back in this morning at 16.9. I think we will not see it much lower the coming few days.
Triplicity
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@ChrisBrackpool, I did the exact same thing... rode LTC up awhile waiting for 15.00 too. And yes many charts calling for 12.00 to 8.00.
EIP-EverythingIsPlanned
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yes its bullish
cryptodisco
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@yshashmi37, I never thought the day would come where I would hear you say those words. :-)
EIP-EverythingIsPlanned
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@cryptodisco, i call spade a spade, but if btc dies it dies with it
Jrdelane
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@yshashmi37, I think EOS has mostly decoupled from BTC, as witness by the 350% move from 6 to $22.5 in what, a week? BTC ain't dyin;, nor is EOS going to be a puppy looking for leadership from BTC anymore. My earliest buys of EOS were at $$0.52, and so if EOS has risen that much as compared to BTC which I traded from to get it, it's not parroting the pace of BTC growth. No worries.
@jkrak, EOS is on its own, has been growing at fastest pace of any I'd say. I feel fortunate to have fallen for it big early, it's 85% of my crypto investment with a very low basis. I couldn't believe it fell to $4 and stayed between 5-6 back in March, what were people thinking selling there? Fear is real, and on the upside, FOMO is what we call it. Patient investors with a good discipline can make huge multiples on their money at this game. Are you watching @Haejin on Steemit? If not, follow him, he's amazing at his accuracy and targets. Two others I have been buying with good results have been APPC and ZRX. good luck!
Thanks for the time and effort on here tho cryptodisco appreciate it ..
Here we go !!