petro90

EOS The critical point is 3.15-3.5 $

BITFINEX:EOSUSD   EOS / Dollar
Hi colleagues. After breaking the blue triangle up, I began to analyze the points of potential reversal of this coin. If you analyze the horizontal volumes, then the next liquid zone is located at a price of $ 1.7. At this point there is also a lower trend line . Also, if my wave analysis is correct, then at 1.7 wave c = 0.618 wave a (within the wave Y):

However, I believe that while the sellers did not beat $ 3.15-3.5 $ consider this scenario early. at a point 3.15-3.5 $ the wave c = 0.5 * a and this is also possible point of the reversal of this coin.
If we analyze the marginal positions of buyers, then they are in a clear consolidation:

if buyers try this consolidation down, I think the price of the samples is a price zone of 3.15-3.5 $.
Merchant positions of salespeople are clearly moving in the channel:

If we analyze the volumes on which the price broke the triangle, they were raised relative to the volumes in the consolidation, but they are smaller than those that were before:

If the fall continues on small volumes and in the price zone 3.15-3.5 there will be a good rebound - for me it will mean the downfall of the fall and its completion. So at this point, I'm waiting for a critical point to update my analysis.
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