EOSUSD is looking very interesting again as you can see from these two charts. On the left side is the 720 chart showing a gathering of support on the 200 MA and on the right hand side a 5 min chart also showing an attempt to regain the 200 MA. If both succeed we could have a pivot and bullish reversal. Too soon to tell but it looks promising at this point. If it...
EOSUSD continues to present bullish signals... On the Left side is the 8 hour chart showing a bullish golden crossover under way (the 50 MA crossing the 200 MA). On the right hand side I would want to see the 20 MA bounce off my trend line and the 50 MA move up through the 200 MA. I'm choked that this coin is on Bitfinex and my account has not been verified...
Really not mush explanation to say, the picture speaks 1000 words as they say.
I'm not really good at small move charts, I'm better on longer term trends but here on the left is a 5 min chart and I do think we will make a second double top before the next corrective but it's just an idea. Please gain as much evidence as you can before making a decision. I am uncomfortable that people would trade one one person's outlook whether mine or another's.
I'm not convinced we have not seen the completed wave correction and I see more downside ahead. Very tired last night and running with no sleep so I didn't see this until this morning. It is a necessary correction that must occur to see the bullish continuation with the final push up to the 1000 range and without this correction we will not get there. The bullish...
We can't be out of the woods yet... we really must see a move down to the 6600 range to keep the bull trend in tact here. It is too long over due and is a healthy correction that is required to fuel the final stages of the overall larger third wave complex. Maybe if there is an Elliotician who can advise if the corrective count is complete here? I'm almost certain...
Probably some where around here I should think. In my opinion.
I'm seeing that correction could be here. We have run up very quickly as you all know... a bit of a correction can be expected here right? Just saying... maybe not but don't be surprised. Best plan might just be to ride it out or maybe jostle for a bit better position or just add on the dip... up to you guys.
Here is my buy back target I will be waiting for but I do not think we will have to wait very long so be ready. You can see the blue trend line that we placed close to the start of the rally will remain intact thus confirming a bullish continuation.
OK I`ll admit my call was a bit off on ETH earlier and I failed to take into account what would be the reaction to BCH and BTC correcting... my bad. However, before everyone starts piling in you might want to take a look at what the target will be and what will happen when BCH and BTC begin to rally again, Right? The only viable target I can find is on this 3 hour...
Looks like an evening star doji to me on this 1 hr chart. Kind of thought so didn't we...
The retrace did not occur as I had expected here so if I see a flag formation here I will be more positive about a bullish continuation and re enter.
We can have a wave correction here which will be steeper than the first wave correction but also shorter. IMO. I have revise my target downward to reflect the fib and upper channel indicators.
I do not have sufficient confidence in this rally to move into this coin yet and I think the Bitcoin family rallies will inflict more damage to its younger cousin... Caution here. Be ready to take profit if you are in this rally
With this structure flag and this type of rising wave it's looking more likely we will go much higher. Just remember it's only an idea. Be careful and only trade within your comfort. My best advise is... don't sell your bitcoins anyway. The next wave after the retrace to 5000 will be much bigger so why risk selling. If you want to be a coin day trader pick some...
Target set. I know this seems high but my two previous targets have been on the low side. Anyway I'll update as things change.