EOS too is displaying a pair of wedge fractals. Such inter-coin fractals are quite common in cryptos. Bitcoin to EOS influence is derived from he commonality of sentiment. The abc red waves is likely a zigzag and the five waves of red C subdivides nicely into fives. The smaller wedge (white) resolution in direction could be the next signal to look out for.
Closeup examination shows that a complete abc direction can be labeled and a breakout could be in progress. IF this signals the resumption of the uptrend, then a price level higher than the start of this white wedge pattern needs to be attained. Let's see how the daytime price action goes.
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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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