MexCrypto
Long

All in on EOS

BITFINEX:EOSUSD   EOS / Dollar
BITFINEX:EOSUSD

As you can see in the chart, we just broke out of a falling wedge pattern in a powerful way with a 28% move up from the lows of about $3 USD. We also have a bullish divergence on the MACD where the MACD is going up while the price was going down, which is very bullish .

And this move came at exactly the 78.6% Fibonacci retracement from the initial up-move from December of last year, from 1.5 USD to 8.6 USD.

So, it seems that we just finished an intermediate wave 2 down and we have just started a wave 3 up from the $3 USD level, that should take EOS above the $8.6 USD level and possible all the way up to all-time highs of $23 USD sometime this year.

The invalidation point of this wave count will be the $3 USD level, which should be the stop level. And the confirmation point should be above the $4 USD level.

It is also worth noting that EOS has gain significant value against Bitcoin in terms of satochis per EOS in the past 6 days, along-side with altcoins in general.

Also, compared with any other of the top 10 altcoins, it is the one who has risen the most over the last 6 days, so this seems also the one who can provide the most returns near term.

Good Luck in your decisions.
Trade active: We just broke major resistance at $4 USD, intermediate wave 3 is under way. We are going higher.

EOS is my largest position also. No bag holders!!! One of my favorite things on EOS chart is that it was released after much of the altcoin bubble had already happened. IMO- When EOS breaks out it will be a blue sky breakout above $25 and looking for new price discovery. Many of the other altcoins have set an enormous all time high that will act as resistance and many bag holders exit.
+2 Reply
MexCrypto DigitalMoneyTraders
@DigitalMoneyTraders, thank you for your comment.
+1 Reply
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