EOS is still in corrections after a 5 wave impulse (black 5). EOS could possibly complete an ABC (possibility 1) or an ABCDE correction (pink triangle and possibility 2). Right now EOS already completed the 5 impulse wave (purple) of subwave C (green) of wave B (orange). EOS will likely see a drop soon.
If EOS completes an ABC correction (possibility 1), we could look for a long entry from $6.20 to $9.20 (Buy Zone 1). $6.20 is derived from a 0.786 Fibonacci Extension of wave A, and $9.20 is derived from a 0.5 Extension. If EOS completes a ABCDE correction (possibility 2), look for a bounce of the upper resistance line (upper pink line), and buy when reaches the lower support line (Buy Zone 2).
For daring traders, we could open a short position.
Entry: $14.20 - $15.20
Stop: $16.40
Target 1: $10.80
Target 2: $9.20
If EOS completes an ABC correction (possibility 1), we could look for a long entry from $6.20 to $9.20 (Buy Zone 1). $6.20 is derived from a 0.786 Fibonacci Extension of wave A, and $9.20 is derived from a 0.5 Extension. If EOS completes a ABCDE correction (possibility 2), look for a bounce of the upper resistance line (upper pink line), and buy when reaches the lower support line (Buy Zone 2).
For daring traders, we could open a short position.
Entry: $14.20 - $15.20
Stop: $16.40
Target 1: $10.80
Target 2: $9.20
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.