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.
