30th May EOS Short Position R:R 5.15
Assumption
50/50 Chance
Betting the market will go down from here.
Symmetrical triangle forming on the RSI.
RSI taking a beating, assume downtrend to follow
Target 1: $12.0155
R:R 3.42
Target 2: $11.9051
R:R 5.15
To complete my Elliott Wave Count of ABC
Without Risk that can be no possibility of Reward
Update
Targets Reached
Failing to break RSI resistance. Keeps going lower.
Potential to break downwards.
RSI broke the triangle.
Completed Elliott Wave Count of ABC
R:R 5.15
We can see another potential wave going up.
Potential of Wave C hitting the 0.5 region of $11.6750
tough stake, lets see! mainet coming!
Definitely bullish on EOS long term! Especially with the mainnet! Just saw this slight opportunity to short EOS for the healthy correction before the run comes!