rektkid
Long

EOS USD onto the next grand wave elliot

BITFINEX:EOSUSD   EOS / Dollar
EOS has held a 0.5 fib retracement of the entire move from $0.5 to $12.5 (barring the flash crash which actually landed perfectly on the 0.786). The downtrend has now broken to the upside. Daily SRSI has turned up, and the 3-day SRSI is about to reset. Looking like a bullish reversal to me.
Comment: 3-day stock rsi has now crossed. I think we'll see a correction from the Haejin pump down to previous resistance at $9.2 or $8.5 (seems a bit bear out there atm with the Intel hack news), but continuation looks good for the bigger picture.
Comment: As predicted, price has sold way back down to breakout from Haejin's call. Strong support at $8.5
Comment: Still on track
Wave 3 should be longer than wave 5, IMO. Stretching Wave 3 out more would also more likely align it with dawn 3.0 release more closely.
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rektkid avastcosmicarena
@avastcosmicarena, this is just a predicted pathway, we are currently in price discovery. Will update targets once we generate more of a pattern
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Agree. But Wave 4 will not be as low... Remember « Wave 4 must never over-lap Wave 1 »... And I know they aren't over-lapping, but they are still too close.
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rektkid ChristianSchramm
@ChristianSchramm, I usually draw wave 4 testing the height of wave 1. You are correct about not overlapping.
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I agree
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