Honestly I beleave that EOS can do this or partially can )))
Approx target levels around $90-130. I publish possible levels based on logariphmyc trend chart.
Now we have breakout main bearish line and has a super tight BB before this.
It can be signal, that correction of first wave is over. We have 0.618 fib touch and more than 12 days of correction. It can be healthy for such bullish market.
Also we have 1D Stoch RSI on the dip now.
Fundamentals is easy:
* EOS ready to create native tokens and migrate from ERC20 tokens to itself.
* Also 11 may is positive day for all crypto because many currencies will be listed on Coinbit.
* Global positive announcemnt is Bitfinex want to create EOS.IO decentralized exchange till the end of this year.
* Comparing dApp currencies cap we have nice space to grow: ETH is $75B, EOS is $15.7B and TRX is $5.3B
Many positive things ready to happen at the end of may. And I think wave 3 is coming soon.
It can get some time to breakout triangle and ATH, I think on the next week we will see nice run.
Write your comments about this!
Approx target levels around $90-130. I publish possible levels based on logariphmyc trend chart.
Now we have breakout main bearish line and has a super tight BB before this.
It can be signal, that correction of first wave is over. We have 0.618 fib touch and more than 12 days of correction. It can be healthy for such bullish market.
Also we have 1D Stoch RSI on the dip now.
Fundamentals is easy:
* EOS ready to create native tokens and migrate from ERC20 tokens to itself.
* Also 11 may is positive day for all crypto because many currencies will be listed on Coinbit.
* Global positive announcemnt is Bitfinex want to create EOS.IO decentralized exchange till the end of this year.
* Comparing dApp currencies cap we have nice space to grow: ETH is $75B, EOS is $15.7B and TRX is $5.3B
Many positive things ready to happen at the end of may. And I think wave 3 is coming soon.
It can get some time to breakout triangle and ATH, I think on the next week we will see nice run.
Write your comments about this!
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All is OK =)))
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Well guys, we are on 3rd wave of correction, welcome lol
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EOS got 0.382 correction of wave 3 short-term cycle.
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Update info about correction
Trade active
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Breakout of bearish line.
It can be new run OR correction of wave 3. We will see, Im already bought my position.
It can be new run OR correction of wave 3. We will see, Im already bought my position.
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Breakout failes. As I post in BTC idea - volume ot support us.
Now very possible reversal that I see is 10.06-10.68 zone.
Now very possible reversal that I see is 10.06-10.68 zone.
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EOS reversal zone 11.2 - 11.3
Logarithmic chart support trend.
Logarithmic chart support trend.
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Looks like brekout. Waiting for a little retrace to add.
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Keep in mind that we can retest lows if this level not broken up.
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Nice start. Waiting the pullback and adding opportunity.
If we going to retest - levels 12.2 and 11.2 is target.
If this local high broken - we going upper.
If we going to retest - levels 12.2 and 11.2 is target.
If this local high broken - we going upper.
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Log chart trend line support soon. That also is 0.236 fib level of last run.
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Watch at Daily MA99 support
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EOSBTC reversal level by VPVR and previous run.
Trade closed manually:
Starting new neutral post for update this situation.
