EOS: A Genuine Breakout?

in #eos6 years ago

EOS too is displaying a pair of wedge fractals. Such inter-coin fractals are quite common in cryptos. Bitcoin to EOS influence is derived from he commonality of sentiment. The abc red waves is likely a zigzag and the five waves of red C subdivides nicely into fives. The smaller wedge (white) resolution in direction could be the next signal to look out for.

Closeup examination shows that a complete abc direction can be labeled and a breakout could be in progress. IF this signals the resumption of the uptrend, then a price level higher than the start of this white wedge pattern needs to be attained. Let's see how the daytime price action goes.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--

Sort:  

To me EOS isn't something I would even consider trading. At all.
That's a buy and HODL asset for damn sure!

I agree with you, i don't care about the fluctuation in the price for short, more than just it EOS is third generation of blockchain as we know ( bitcoin is first generation of blockchain and ethereum is second generation of blockchain, all of them has issues) the solutions of it is EOS, it has big potential to be more grows up in the future due to give the solutions on blockchain.

Mute is the best function in Steemit...EOS is such an exciting technology...real heads know the deal!

EOS is the future!

Haejin, do you have a long term TA like you have for BTS?

haejin TA is like this pile of poo!!
image

image

image

Here is your vote up, isramulya. You should up vote me too!

I am always humbled and captivated by your sound and vivid explanations about ​cryptocurrencies​.

This always makes me wonder, if I would reach that expert level in ​cryptos​.

haejin TA is like this pile of poo!!
image

image

I hope the crypto money will rise

Interesting information. Thank you for keeping us informed.

very good analysis...

haejin TA is like this pile of poo!!
image

image

Coin Marketplace

STEEM 0.24
TRX 0.11
JST 0.032
BTC 61482.47
ETH 2990.09
USDT 1.00
SBD 3.67