EOS Target May Be 0.001 BTC
Looking at the 4hour chart, we can make a clear case for 4 waves being complete. If that's true, EOS is currently on it's 5th wave. Drawing our fib extension, we can see wave 3 ended short of the 1.0 fib.
Most Elliot wave analysts will tell you if wave 3 doesn't reach at least a 1:1 ratio of wave 1, then wave 5 is often times shortened as well. EOS has a track record of shortened 5th waves. Due to this, we can conservatively target just above the 0.618 fib level at 0.001 BTC.
For this to happen, we need to see a spike in volume. If there is no spike in volume, the next major support zone is approximately 0.00084 BTC.
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Excellent and timely accurate post. The impulse shot past your conservative target, yet your predictive analysis seems to have been amazingly accurate. You earned a follow for your contribution, your post on Haejin's site brought my attention to this. Thank you.
Thanks. I appreciate that.