EOS rejected off the descending resistance I’ve been discussing for the past week. Price broke out of the ascending support, suggesting a larger correction may be taking place.
I believe we’ve seen the top of primary wave 3 and are now entering an ABC correction. Primary wave 2 corrected very deep, hitting the 0.786 fib before bouncing. Probability tells us primary wave 4 should finish somewhere between the 0.386 and 0.5 fib level. This puts an ABC correction somewhere between $6.30 and $6.00. Here’s how it may play out:
In today’s video analysis, I discuss what could invalidate the above count, other possible scenarios, traps to avoid, and MUCH more information not found above.
Video Analysis:
If you’re viewing this on a site other than Steemit, and you don’t see the above video, navigate to Steemit or TIMM (https://mentormarket.io/profile/@workin2005?aff_id=Workin2005) in order to watch.
BIAS:
Short Term: Neutral
Longterm: Bullish
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!
Workin
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by Workin2005