Hopefully wave 5 should start today or tomorrow based on the TA
A typical wave 5 will usually go up from the bottom of wave 4 by about 62% of the total move from wave 1-3.
In this case 23$ is the top minus 4$ at the bottom = 19$ x 0.62 = 11.78$ added from wave 4
Wave 4 bottom 15.91 + 11.78$ = 27.69$
The 27.69$ price target also fits almost perfectly to the...
EOS is now near the end of the big triangle and it fits with Trendline + 0.618 fib support and also RSI support
I think this is a good place to go long
If it breaks these critical levels it would be a very bearish sign and a short might be good
EOS is in a huge descending triangle with a smaller descending triangle inside. We do not know yet which side this will go but my bet is on the downside to the 0.618 fib support.
I will look closely for a breakout and open a trade then.
I will open a long at the PURPLE line if it breakout on the upside above the 0.786 fib resistance
Short at the YELLOW line if...