Happy Sunday, the market is in such a depressed state right now, it appears very soon the only way is up... well at least that is what we are all hoping for!
EOS has nearly finished correction, we have 5 clear waves up and an almost completed corrective wave.
I have 2 horizontal support lines, these are both very important for similar reasons. They both ensure the pattern we are currently seeing will continue higher. If these support lines hold we should continue higher in 5 waves to the $30.00 target.
We have an expanding jawline, which is a good sign also for possible gains, providing the white line support does not break by any more than a wick. If this does happen this pattern is then void and we will fall lower (obviously) to a larger WXY corrective pattern. We hope this doesn't happen and the market starts to see some positive soon.
The global market cap is decreasing by the day, at some stage that money needs to be directed somewhere... let us all hope it is back to crypto!
So for now... Safe and happy trading!
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3