EuroMotif

EOSUSD bounce shows promise: some Important Levels to Watch

BITFINEX:EOSUSD   EOS / Dollar
Followup to my last EOS plot showing that a bottom was near. (click)

EOS bounce looks to have some legs, so do many other Alts.
Bulls were so eager to buy $3.000, they bought even higher.
Bulls pushed past $4.000, but need to make it a support now.

4.19-4.25 should create a pause and price disovery moves.
4.37-4.39 will be first resistance, and a guage of strenght.
4.76-4.82 will likely end this partcular wave and retrace.

3.98-4.02 is immediate support that hopefully will hold.
3.65-3.67 is crucial uptrend support, hopefully not tested.
3.51-3.57 is Last Stand, if breached will hit 2.99 quickly.

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See some of my other plots and trade calls below.
I also plot Forex and Stocks, take a look at my profile page.

Currently in Play:
EOS support at $3.1
EOS big picture Fibs
LTC bottom at $65?

Recent Achievements:
]RVN top call (Perfect Target, take profits)
ADA breakout (PERFECT targets, massive profits)
BTC to $14k top (Near Perfect target, easy trade)
BTC bottom 3.1k (caught the EXACT bottom)
LINK re-entry (caught the spike)
LTC to $150 call (near perfect plot)
MATIC top Warning (caught the EXACT top)
NEO Rocket Launch (great entry, massive profits)
ETH breakout (instant Profits, no drawdown)
MATIC rocket (massive Profits, breakout entry)
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XLM breakout (massive Profits, instant Win)
FET top warning (EXACTLY on time)
DASH top warning (EXACTLY on time)

Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
Comment: So far we got a run into the "Decision" zone and decided there was not enough buying power to go higher Got a good ping on the blue 2.382 fib. Lets see if this holds, I am _not_ confident that it will.

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Comments

Indeed EOS dislocating from BTC... a superb chart @EuroMotif
Reply
EuroMotif ridethepig
@ridethepig, Hi, thanks for comments.
I think we are in a "herd thinning" process where many alts have dislocated from the King.
Most are just dropping off into oblivion, but the Strong are showing signs of life.
I do count EOS as one of the strong ones (even if it is heavily supported by China)....
Reply
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