HiTech
Giá lên

EOS - How Far Up?

BITFINEX:EOSUSD   EOS / Dollar
Following the previous idea on EOS it has gone sharply up and broke above the $3.6 resistance level . After breaking above price corrected back and found the support at this level. It has been rejected together with the uptrend trendline and uptrend resumed.

The next potential upside target, which is a strong resistance, is at $$6.2, where two Fibonacci inline. First 1027.2% applied to the corrective wave after the break above the 200 Moving Average, and second is 161.8% applied to the last corrective wave down.

They both point on $6.2, although EOS/USD could get even higher to test $7 psychological resistance area . Next resistance levels are $6.7 and then $7.2, which could be the final upside target for the current wave.

Key support stays at $3.6 and could be used for the longer term analysis or perhaps for a buying opportunity in the coming months. Break below $3.6 could reverse the trend.
Đóng lệnh: đạt mục tiêu
Bình luận: Reached the final upside target, could correct
Bình luận: Looks like it will go higher, perhaps much higher
Bình luận: Support at $6.2
Bình luận: EOS could continue moving higher as now my target at $7.2 is acting as a support
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Where do you think it will correct to now?
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HiTech nhoxsie
@nhoxsie, as per chart... key support
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It pumped pretty hard and hit the R2 you predicted, what do you think can happen now that it went a bit better than your expectation?
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HiTech rahuls1
@rahuls1, its likely to correct
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I've bought at 3.6 and sold at 5.07 thx to your analysys, thanks a lot.
When i start making a decent amount of money gonna tip you man, thanks a lot.
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HiTech MarcelMartins
@MarcelMartins, pleasure
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