The market has gone bullish again while Bitcoin is cooling off.
Weekly Elliot Waves Analysis is implicating that we are halfway up toward the end of the 3rd impulsive wave.
Price has been channelized as shown. Reactions to Dynamic-Static S&Rs have been shown.
If you have checked my previous analysis on EOS I have mentioned that an upward breakout has happened.
Weekly Stochastic Relative Strength Index (SRSI) has made a HL after 8 Weeks. A proof for a high potential for price to increase.
5.6 a previous peak is formed on the Static-Dynamic Resistance with the latter right on the midline of the 2nd ascending channel.
Please pay attention that during a bullish run prices precipitate to form layers specially following several years of a downturn.
Psychologically traders do expect higher prices at the moment.
Technically, professional traders find such set ups interesting with high potentials. So, more buyers will take it over until bitcoin is consolidating.
The Cup & Handle shows the possible peak of the 3rd wave. Just right there are two tings: one static resistance & one more midline dynamic resistance.
If wave counting has been done correctly higher targets can be nailed.
It is not a financial advice. You need to consult your financial advisor. Trading bears a high risk of loosing your money.
Weekly Elliot Waves Analysis is implicating that we are halfway up toward the end of the 3rd impulsive wave.
Price has been channelized as shown. Reactions to Dynamic-Static S&Rs have been shown.
If you have checked my previous analysis on EOS I have mentioned that an upward breakout has happened.
Weekly Stochastic Relative Strength Index (SRSI) has made a HL after 8 Weeks. A proof for a high potential for price to increase.
5.6 a previous peak is formed on the Static-Dynamic Resistance with the latter right on the midline of the 2nd ascending channel.
Please pay attention that during a bullish run prices precipitate to form layers specially following several years of a downturn.
Psychologically traders do expect higher prices at the moment.
Technically, professional traders find such set ups interesting with high potentials. So, more buyers will take it over until bitcoin is consolidating.
The Cup & Handle shows the possible peak of the 3rd wave. Just right there are two tings: one static resistance & one more midline dynamic resistance.
If wave counting has been done correctly higher targets can be nailed.
It is not a financial advice. You need to consult your financial advisor. Trading bears a high risk of loosing your money.
