EOS Revised Target $2.75 as Wave 5...Details in this blog!
SUMMARY
As you can see, I'm trying to catch up on analysis requests.
EOS/USD has one more higher high to go before a good correction. I've revised that target to around $2.75 or so. After fivew waves, what happens? There is a requisite a,b,c three wave correction and that could bring prices from $2.75 to around $2 or so before resuming up for much higher highs.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
What happens when the target is reached?
3 wave correction to the bottom of wave 4, and then 5 more impulsive waves up.
@haejin this is a great analysis for EOS, I have been following your analysis for several cryptos and you are hitting the nail. You really know what you are doing. Resteemed and Upvoted. @gold84
damn! you're really dishing these out. I thank you so much for your service
He's the best!
Good one, I was waiting for it..
I am keep buying it.
Agreed! https://steemit.com/bitcoin/@toofasteddie/don-t-worry-eos-is-just-breathing-a-little
Thanks! Just in time. I was thinking on when to start laddering. 👍
Is it a good idea to put a sell ladder now?
Like 2.60, 2.65, 2.70?
And once that realises a buy ladder like 2.15, 2.10, 2.05?
Please review Haejin's tutorials on laddering and buy/sell setups. You can find them under the first picture of this post. Your price rungs are too close together, but you have the right idea.
Sweet! This is one of @haejin's hold-and-never-sell coins. He predicted it'll go to $200 in 12-18months.
Thank you!
Why do you think there will be a huge price correction? The $2.75 mark on your chart is in the beginning of december just days before their release of Dawn 2.0. I think that alone will carry it well above 2.75 in december. What do you think?
The high is coming shortly ......the price correction will come before month end..........or next weekend...... then it will shoot ......... what you call them....... oh yes bazookas for joes.....just an adventurous thought
Great analysis
Thank You Kindly