EOS Update: Pushing the Boundaries of Wave 2
SUMMARY
EOS is correcting after a five wave impulse. It's pushing the boundaries of Wave 2 retrace. The EW counts and laddering are also covered in depth.
IMPORTANT
For New readers and Followers, please consider back reading the past 3-4 days of analysis. Also, please peruse this article I posted that will give lots of helpful background on Technical Analysis:
https://steemit.com/bitcoin/@haejin/do-the-news-and-events-move-the-cryptocurrency-market-you-ll-be-surprised
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
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.
Nice bro ;)
Hi Haejin,
Is it possible for EOS to go lower than the initial price? Also, is it not possible that the initial price on Bitfinex is higher meaning that we could potentially be looking at lower prices? I've been looking for the exact initial price but couldn't find it anywhere. Thanks again for the great analysis.
Yes, it can go lower than 1 and if/when it does, the corrective nature of the A,B,C zig zag won't change. It's still a zig zag correction. That means after every abc correction, there is a change in direction. That change to upward direction should be impressive and most likely correlated with Bitcoin.