Hello friends!
Few months ago, I posted an idea that the low is likely to be put in around 500 SATS. Yet, this idea considered that Bitcoin will not trave as low as it did; this got me thinking... I took a break from the charts due to personal matters and after a while I removed all my analysis from the EOSBTC count.
The current count "fits" better. An extension...
EOS/BTC - Buy it now!
The EOS is wedge-shaped and is just before launch. The small first resistance above is likely to pierce easily, and the resistance in the 0.236 section will be the key. But the energy that has been condensed for a very long time is enough to explode.
It is likely not.
The analysis suggests we are close to the bottom, however, I am still expecting the ending diagonal into the 5th wave of the primary 5th wave.
I choose to hedge and wait for the new lows to occur;
Once we start to loose market structure, it is likely this is the top.
Personally, I am more inclined to believe this is a running flat as opposed to the expanded one because the coin has been in a very strong downtrend. Every rise is a sell opportunity.
It sound a good buy position here, if and only if there comes some really good fundamental news.
Actually, there are several monthly divergences, which makes me to conclude EOS compared to BTC can demonstrate a technical performance.
This is not a financial advice.
Platform cryptocurrencies are very popular recently
But one that I believe is very undervalued is EOS
The chart looks promising. It has broken all it's major resistances and is now heading towards it's previous All Time High on the USD pair.
It's still the most popular cryptocurrency in China according to this report:
www.eosgo.io
If ETC can pump that hard,...
Currently, we're seeing some hidden bullish divergence on EOS on the weekly timeframe indicating a breakout could be around the corner. I do think the bottom in $ is already in and I have entered.
EOSBTC on the long term mega bullish here on monthly. Price already at the bottom zone. Accumulate around current price levels. Once it breaks its long term consolidation this is a pure moon ride.✅
TO MULTIPLY YOUR BTC HOLDING THIS IS SEXIEST MULTIPLIER OF A KIND.🚀
❗Not financial advice...
EOS is currently at the bottom in its BTC pair, although it is up in the last week 35% in its usdt pair, EOS has a very good roadmap with lots of updates throughout this year making it a good choice for positional traders. EOS on D1 chart also in falling wedge treading below the resistance line. Consider buying EOS in a dip between $2-2.3. Or if D1 candle closes...
wow, look at that tiny tiny tiny price range EOSBTC has been doing since hitting its low early decemeber.
we all know, the long and tinier the range, the bigger the next impulse.
since we have what it looks like finished wave 5 of C in early dec and have had that first little bump thereafter which may have been our wave 1 of 1 of 3, we might be now finishing...
BINANCE:EOSBTC
What to say about EOS? I think everybody that has somehow followed EOS´s development from time to time knows that he/she actually doesn´t know anything about what is going to happen with this project.
Some might think they know, but lets be honest. WE DO NOT KNOW!
The very same dilemma can be seen in the Chart structure.
EOS still suffers from...
EOSBTC is testing the breakout from the Pennant. IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h...
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