EOS/USD Short Term Technical Analysis Feb 16, 2018
Medium Term analysis
EOS/USDT 4hr chart:
Yesterday the bulls failed to push through the $10 resistance but there still is a chance to get to the first target.
First target for 3rd impulse is at 0.618 Fib extension @$10.50.
Second target is at 0.786 Fib extension and trend line @ $11.24
Need to confirm 3rd impulse before 4th and 5th can be estimated.
According to EW rules 3rd wave ussualy is the longest, so don't you think its just abc correction?
Hey andriustovis,
Thanks for the feedback. I'm still learning and your comment helps. I've subbed to your feed.
Today I made EOS analysis as well, if you interest can check it.
Will check it out thanks.