This hidden bearish divergence is valid only if we don't make a higher high on a price (2.09 is a resistance). If we stay below 2.09 down go EOS
We can also see a regular bearish divergence on a lower time frames.
Where in a smaller uptrend changer of the bigger downtrend move. It will be interesting to watch if the bulls can take the 2.00 level. If they do the C wave is in play. If the bears can defend the 2.00 level then retracement wave 2 is over and price will further decline.
Included link to a CCI30 chart analysis. As you can see, we just a very nice ABC pattern and touching 2015 support trend line. Don;t be surprise we will have rallies up now. We might have some ABC patterns now, but overall the price will be less volatile and will eventually will get out of the channel, that is when everyone will pile in, and we will repeat the ...
I give all you the last bottom that calculated by data of history in last year.
This buy zone is good for long term investor that need earn stable profit in 1-2 years
The buy zone in 1.64$ - 2$ and keep in pocket with this guys
EOS has good technology
Good luck all you guys !
I'm pretty sure you've figured out this game by now! First is the pump, then comes the dump! This is going back to $1.70, and it'll probably get there in 10 days!
Long term, the picture is even worse! I think you know what to do!
Pure geometrical analysis including Fibonacci levels based on distance and not on price levels..
After ATH (The only ATH arrived after beginning of the bearish market) EOS designed 2 bullish impulse separated by a 3 months flag movement.
Potential target of the second arm is the same percentual loss of the first arm (80% over 114 days). Target ca. 1.20 dollars ...
In the previous idea, I wrote that the critical point for this coin is 3.2-3.5 $, and if buyers do not keep this price zone then you need to wait 1.5-1.7 $. However, there was no rebound from this price zone. There was no stop and no more. The price has fallen almost vertically. This coin simply stopped holding.
However, at an approach to the price range of ...