EuroMotif

EOS.USD coming in for a Landing? one more small leg down?

BITFINEX:EOSUSD   EOS / Dollar
Fib map of nearby Support and Resistance zones.
Blue arrow is the "most optimistic" outlook for now.
I still think EOS is in serious trouble, see link below.

"Ideal Bounce" zone would be a Very Bullish retrace.
"Clusters of Fibs" area could Consolidate for few days.
"Bulls Last Stand" is likely last stop before new lows.

"Gamble Buy" is in anticipation of a fast and furious Bounce.
"Decision Zone" will accelerate movement to either side.
"Resistance" zones in red will almost definitely react.

My General Sentiment:
Until $3.25 is taken and established as support, Bulls are in severe danger.
But am a long term bull on crypto in general, and EOS is one my must-haves.
Given the Chinese government flip flops, this asset will take some time to rise.

See this plot below for a big picture and why $3.25 is so critical:
Dec 02
Comment: That was a quick profit and rapid Round Trip. (movement since posting in yellow)
Zoom IN using Hieken Ashi candles to smooth out the gaps, we have confirmation of the last fib series (red) and a zone that can be removed (or fine tuned)
Also of note is the NEGATIVE .618 of the impulse down which marked the new high.
It is unusual for an Impulse to have an effect in the opposite direction but it does happen.
I guess that might be what makes for "Harmonic Patterns" such as "Gartley" and "Bat" patterns.

In summary, back to square one (Decision Zone) to .... well... make a decision I guess.

.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

Wealthy I am not
Needy I hope not
Gifts do help out

🙏 BTC 🙏
1Pi1dcYaueUSo2ufrdaQtHYivbcfu1W9LQ

send When you Can
send What you Want
gain Gratitude you Will
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out