EOS is Correcting After a MASSIVE Rise. Correction Target $6.62 before $48.15
SUMMARY
Here is EOS after a MASSIVE run up as had been called by @haejin. Now, nothing goes up forever without healthy corrections. Think of it as a two step forward and one step back process. It is a requisite in the process of growth. Elliott Waves move in ebs and flows according to sentiment and currently, EOS has put in five impulse waves (white 1,2,3,4,5) and is in process of correcting, along with Bitcoin, towards $6.62 or a bit lower. This correction always has the right to take on another pattern or morph into another type of count. New incoming price data will be used to assess the subwaves of the a,b,c pathway.
Here is a higher degree of trend outlook for EOS. Differentiating the forest from the trees would be helpful because if the bule wave 1 is complete, then the correction will place the blue wave 2. After wave 2 is wave 3 which most often moves most violently in whichever direction required....in this case, it would be expected to be up. However, the healthy correction needs first be completed.
Legal Disclaimer: 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.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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The irony of acquiring EOS the day before yesterday at $17. Yep, today is a step back before taking several steps forward...
Just HODL strong and it will surpass the 17.00 mark, Patience is rewarded in the crypto space. Cheers!
Take advantage of Dollar cost averaging.
HODL my friend.
come on，brothers!
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Hey! Don't forget a Haejin BTS update! Need to hear your opinion! ;)
Eos good time to buy now
Yes! We want bts update!
For any interested traders, we are a pump group at around 1k members at the moment! Join our group early now so you can be one of the first members to help pump up our randomized coins! Spread the word and invite close friends! This is the link: https://discord.gg/4uJECJU
do you feel well when you make such a bullshit?
Pump & Dump groups not only hurt investors, they hurt the market. But if you are into pumping up prices due to how wonderful the tech is and its future prospects, then that is OK. But no dumping.
Greed is a disease, go get well.
Hey McAffee what is your coin of the week maybe you can pump it without losing 12.5 of your 25 btc fee. I recently saw you pumped a good coin and all members lost? Is that the goal of pumping and dumping, you win and 999 others lose?
first pump EOS and show us you can deliver :D
I sold my house on your previous call an all in EOS, now you say it's going down. Plz send tent and fire wood plz.
haha, back to the roots.
lol
Your in luck! I am selling my tent and fire wood to buy more EOS.
Dude, how much money do you make creating posts like this? Impressive no. of followers. Congrats.
I was just thinking the same thing. He's gotta be the highest earning Steemian out there!
I believe he is if I remember correctly.
That´s actually very good news for me, since I missed the last run and I´m waiting for the perfect time to buy in.
Thanxxx for the update.
It's a general market correction. Elliott wave sounds a bit like whatever to be honest :)
Genius XD
LOL!
This dip has invalidated many of the previously posted elliot counts. Aka it basically invalidates your supposed TA. Are you going to do recounts for them? Looks like you were just stabbing in the dark with lines and shapes if you couldn’t warn that most coins were actually in a wave 5 and a correction imminent. Instead posting that impending “explosions” were nearing. The opposite of what happened. You say do no harm but many bought in recently on your suggestions and have lost huge.
Time to pick up some coins for the cheap while the bloodbath continues it's downwards trajectory