Pure geometrical analysis including Fibonacci levels based on distance and not on price levels..
After ATH (The only ATH arrived after beginning of the bearish market) EOS designed 2 bullish impulse separated by a 3 months flag movement.
Potential target of the second arm is the same percentual loss of the first arm (80% over 114 days). Target ca. 1.20 dollars for 1 EOS the 1st of march.
The big, trend positive, channel is based on 4 elements
1) the base start from ATL
2) channel resistance is formed by the two tops of decemeber 2017 and ATH
3) Cypher like formation on the log-chart with pivot point of the cypher at 0.236 retracement of the XA = 1.20 dollars
4) mid channel support/resistance
If EOS touch 1.20 and reverse, there is a possible 500% gain over 45 days (target midchannel resistance /0.786 retracement of XA - 7.5 dollars) with a strong resistance at 0.681( 4.10 dollars) of XA
BIO
After ATH (The only ATH arrived after beginning of the bearish market) EOS designed 2 bullish impulse separated by a 3 months flag movement.
Potential target of the second arm is the same percentual loss of the first arm (80% over 114 days). Target ca. 1.20 dollars for 1 EOS the 1st of march.
The big, trend positive, channel is based on 4 elements
1) the base start from ATL
2) channel resistance is formed by the two tops of decemeber 2017 and ATH
3) Cypher like formation on the log-chart with pivot point of the cypher at 0.236 retracement of the XA = 1.20 dollars
4) mid channel support/resistance
If EOS touch 1.20 and reverse, there is a possible 500% gain over 45 days (target midchannel resistance /0.786 retracement of XA - 7.5 dollars) with a strong resistance at 0.681( 4.10 dollars) of XA
BIO
I m looking to catch the break out