The price was confirm the falling wedge pattern as a 3rd elliot wave. After we maded the correction (4th elliot wave) to blue s/r zone and next we bounced up and completed the 1-5 elliot wave. Now we are at ABC correction which can end about blue s/r zone. After we will finish ABC correction we should going up to red s/r zone.
Conclusion for today’s EOS Technical Analysis: A break below the 200 moving average implies further downside in Eosio (EOSUSD).
EOS technical analysis for today is presented on a log scale using an intraday timeframe (4 hour) candlestick chart.
The dominant trend in EOSIO since May of this year is indicated by the bearish trendline. Besides, the 200 moving...
EOS did not go up that much compare to other altcoins for 3days.
After overall consolidation for all altcoins for a bit, eos will pump and is going to lead others.
let's buy the dip and wait for it to pump one more time.
it could go 4.5~4.7 level on next move.
EOS just saw a perfect breakout that I had already posted in our group. But be cautios: Grandpa BTC hasn't broken the Daily EQ yet, and a bear break here could turn things around very quickly. The EOS will depend on the BTC bulls to break bullish in order to reach 4,50. Have fun watching! ;)
If you had some value from my analysis, give it a thumbs-up & comment...
EOS in a nutshell - Rose to ~ATH of $25USD at time of mainnet go live, then retraced significantly to start a new wave structure in December 18'.
9 months later, we have see a potential wave 1 (an ABC would not make much sense as the C would be quite negative), and so if we are off on Wave 3, with a correction to the tick of the .786, what can we expect.
Let's move on to serious things, Eos is the best basis for decentralized applications currently on the market.
We know that on Sept. 23, there will be a blockchain update (1.8 vers.).
The update brings huge changes to the blockchain.
My idea is that we are moving towards a new cycle.
Let me know what you think ;)
Right into action! Fractals are all over in September.
September looks like a very busy month for crypto community. And it feels very positive. A lot of the projects have been working hard this year, and they will begin to show new heights in their progress.
I am expecting September to be positive, but with the breaking of major support Trendline is concerning....