13th June EOS Long Position & Short Term Analysis

in #eos6 years ago

Assumption:


We've completed a Corrective Wave down.
At 1.618 region, a slight retracement is in order.
RSI is ticking upwards, Histogram just crossed over.

Buys at:
0.382 - $10.0258 - 12.5%
0.5 - $9.9411 - 12.5%
0.618 - $9.8563 - 12.5%
0.65 - $9.8334 - 12.5%
0.786 - $9.7357 - 50%

Avg Cost: $9.8249

Stop Loss: $9.5820

Target 1: 0.236 level of the full wave - $10.6839
Target 2: 0.382 level of the full wave - $11.5158
R:R 6.96

Current Risk:
BTC is erratic and may drop further causing the price to dip.
There is confluence at the 0.786 region of the full wave
Bears might be trying to push the price down there.

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