As you can see from the charts 
EOSBTC begin to downtrend since January obeying the channel
5 Waves counting is coming to an end as confirmed by the RSI
If you examine closely, every impulse downward created a lower low in the RSI
However the 3rd wave, usually the strongest, created an extreme low point
This makes wave 5 extremely difficult to create an even lower low!
so inevitably a bullish divergence has appeared, telling us that wave 5 is losing power and is coming to an end soon.
this also obeys the fibonacci guide as wave 5 is approaching 100% of wave 1
What now?....
Notice the major fibonacci retracement zone that i've drawn and how theEOSBTC is testing the 50% line?
i think it'll break through to complete the wave 5 and enters into ABC correction
Now of course if the price goes straight through then the bearish downtrend will continue...
But I think this is unlikely.
FUNDAMENTALS
EOS is built and maintained by an incredible team with amazing records of creating successful cryptos.
FYI, Co-founder of steemit and bitshares is also the co-founder of EOS.
Their Ico is ending june and will be going live!
Furthermore, lots of Vc has been announced and HUGE capital are flowing in
What do you think the price will be like in 2018? .......
EOSBTC begin to downtrend since January obeying the channel5 Waves counting is coming to an end as confirmed by the RSI
If you examine closely, every impulse downward created a lower low in the RSI
However the 3rd wave, usually the strongest, created an extreme low point
This makes wave 5 extremely difficult to create an even lower low!
so inevitably a bullish divergence has appeared, telling us that wave 5 is losing power and is coming to an end soon.
this also obeys the fibonacci guide as wave 5 is approaching 100% of wave 1
What now?....
Notice the major fibonacci retracement zone that i've drawn and how the
EOSBTC is testing the 50% line?i think it'll break through to complete the wave 5 and enters into ABC correction
Now of course if the price goes straight through then the bearish downtrend will continue...
But I think this is unlikely.
FUNDAMENTALS
EOS is built and maintained by an incredible team with amazing records of creating successful cryptos.
FYI, Co-founder of steemit and bitshares is also the co-founder of EOS.
Their Ico is ending june and will be going live!
Furthermore, lots of Vc has been announced and HUGE capital are flowing in
What do you think the price will be like in 2018? .......
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.