EOSUSD EOS/USD -- final stages of decline, a bullish move up coming soon

phisight (35)in #money • 6 years ago

Here is my latest TA chart on EOS/USD price:

EOSUSD_May-16 2353 PM (2 hour).png

and a zoomed in 1 hr chart:

EOSUSD - Primary Analysis - May-16 2348 PM (1 hour).png

I had presented this earlier chart on EOS/USD in this writeup on May 12:
https://steemit.com/photography/@phisight/bitcoin-chart-pattern-rhymes-with-ongoing-fractal-in-eos
EOSUSD_May 12_2hr.png

Seems that a final squiggle lower is needed to complete the ending diagonal 5th wave in the C wave of the 4th wave as long as price stays below 14.5....the fractal description can get quite involved but this is the amazing achievement of Elliot, to develop a language to describe it. The final decline should ideally terminate between 10.86 and 11.71.

Hope this analysis was/is/will be helpful!

Note: you can right-click and open charts in new tab to see them at full size -- they are quite large and clear.

Thank you!.png