Good to see that the old high caps are starting to gather momentum. As per my previous analysis of ZEC at 135 region, it has reached 175 dollars. Now is the time for EOS. For long time, i am monitoring EOSUsd pair and It has a strong resistance area of 4.90 to 5 dollars.this week closure and 3d closure is very important as i am anticipation a closure above 5 dollars which will give a lot of strength to EOS. As per ELliot wave, i am looking for a larger wave C with a potential 3-6 month target of 50 dollars which is about 1.618- 200 fib extension level. From 5 to 50 would be a great return and risk matrix is low as i would entering at these low levels. Also, Rsi on 3day chart clearly reflect 40 region as strong support where it created double bottom. In the future, i am looking for rsi to reach 80 levels for price exhaustion.
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Komentarz
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well well we had a breakout above 5 dollars yestesday and we got a solid reaction today. Market has broken downward structure and now waiting to cross 5.50 which is the next resistance
lol 50usd ... this is a ponzi token HYPED real value is 1.x-2usd /MAX ... if this go 50usd next 2-3 months i cut my balls
Roger_one
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Agreed $50 for sure but for now Eos keep shying away from $5 very frustrating 😑
Yazirazlam20
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@Roger_one,Agreed my analysis works when it breaks 5 dollars with conviction (Strong Bullish Candle) till then we can still anticipate a 4 dollar support hitting for gaining strength.
igord2
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Yup, my sentiment exactly, just the question of how high it goes and what the time frame is, it has been dragging its feet (consolidating and accumulating) for a while.
Yazirazlam20
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@igord2, a long conslidation generally results in a strengthened move with solid momentum. At the moment, the only thing i am looking is aa candle closure above 5 Dollars. Otherwise we might find some more consolidation and posssibly a retracement
igord2
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@Yazirazlam20, The real danger is BTC crashing here and dragging the rest down ..
igord2
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Exactly, don't know what is coming, but the chart says it is going to be huge, we shouldbreak above 5.5 in matter of hours:
real value is 1.x-2usd /MAX ... if this go 50usd next 2-3 months i cut my balls