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BiggyBalls
Aug 5, 2018 5:15 PM

$EOS - Wyckoff Accumulation Pattern Long

EOS / TetherUSBinance

Description

Perfect Wyckoff accumlation schematic 2 - stockcharts.com/school/doku.php?id=chart_school:market_analysis:the_wyckoff_method

-MACD crossed above the signal line and under the horizontal
-Demand signature on volume proceeding supply absorbtion - VPVR confirms this aswel.
-3rd test of range support, just for good measure I have placed the stoploss under the 1.618 fib Extension incase we see a schematic 1 'Spring' below support.
-RSI commencing trend up from oversold condition - slight bullish divergence as price failed to make a HL
-Finalization of E-wave 1 (midline of range channel + top of Kumo + likely convergence of 200ema).

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