TradingShot
Long

EOSUSD reclaiming the $8.5000 level

BITFINEX:EOSUSD   EOS / Dollar
EOS found support just above a major 1D level (3.2000) posting the strongest rebound since the May peak. This is the first step towards resuming the long term bullish trend . The confirmation of the bullish break out (and strong buy signal) will come once the 1D MA50 is crossed on a repetition of the January fractal . Target: $8.5000.
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Great analysis. Thanks for sharing!
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What about Fifth wave down? 3-3-5 corrective pattern it's pretty obvious.
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@justDave, agreed! We still have one more wave down. Look for entry in the 2.3 to 2.8 range
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Nice one! Looks like a bullish flag. The only consideration is the local lower high at 4.53! Trade after bullish confirmation is less risk because of that also.
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