EOS Analysis 6/08 EOS-USD

EOS / USD found the expected support from the buyers in the marked price region. A double bottom formation formed near the typical 61.8 Fibonacci retracement.

Now the way EOS moves is crucial for the price movement to continue. Either in the structure of an impulse for the bullish scenario of a wave 5, or in the corrective variant of wave B. In both cases, however, things are looking up.

If wave B prevails and the correction is not yet over, the price target will be around $18.00 in the region. However, it is important that the price does not fall below $12.50.

Whether there will be a strong downward movement with much momentum to the final wave C, or after a short pullback, it goes further up for the possible wave 5, I cannot estimate at the moment yet. Both scenarios are quite conceivable and probable.

This is NOT investment advice and does not encourage buying or selling. Every reader is aware of this and makes his own investment decision with his own understanding of risk management!

Cheers Jessy