EOS Corrective Waves and where we are now.

Hello Everyone, here is my update on EOS.

As you can see EOS has bounced off the 0.236 fib. As this wasn't a clear touch of the fib I did some digging and someone mentioned a front run on the fib is valid. This is also supported by a small A B C D E correction and bullish divergence on the RSI and MACD so therefore corrective wave A is complete.

Next target is the top of corrective wave B at $18.50.

We will then go back down to complete wave C.

Targets for wave C are the 0.5 fib or the 0.618 fib extension.

코멘트:

Ive just spotted one of these.

코멘트:

If there were ever a time when a H & S breaks down its here.

코멘트:

Believe.

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Fell out the H + S but 1hr overbought and 30min macd cross.

코멘트:

Break that fibbo EOS

코멘트:

EOS has finished corrective wave B and is now going down to make corrective wave C. Targets.

코멘트:

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If you are not short then your going it wrong.

코멘트:

must make sure that fib acts as resistance and EOS doesn't go back up though it or its gunna dance about again for ages.

코멘트:

brutal stop hunting going on

코멘트:

again it would be too easy if everything did what it was supposed to. I did say make sure that fib acts as a resistance cause I knew some dirty move like this was gunna show up.

코멘트:

be cautious here

코멘트:

Just woke up and EOS is still just bouncing along the the same 0.236 fib. 12 Hours now. It will drop at some point, right after everyone's been bored to tears.

코멘트:

EOS trolling the fib.

코멘트:

I just looked at the EW count for correction wave B and did a fib retrace and you cant make this stuff up. The retrace 0.236 fib is the exact same fib its bouncing on now.

코멘트:

I want to say a big thanks to my followers, i have 39 of you :-) and my charts have been viewed 5500+ times now.
I am by no means a pro trader so following anything I say Is done totally at your own risk.

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I can see EOS margin longs rising and shorts decreasing.Something is brewing here. Be careful if your in a short position. Cover your ass with stop loss.

코멘트:

Long squeeze anyone?

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My analysis is getting desperate now. No movement.

코멘트:

Could be breaking down here.

코멘트:

lol

코멘트:

we have only corrected 30% from 410% 5 EW bull run.

코멘트:

Trade closed. A B C D E correction does not seem to be in play now. shame cause it was following the charts so well.

코멘트:

Is EOS now going to start a new 5 EW up again untill launch day? I need to take a step back and see whats going on.

코멘트:

What do you guys think. EOS did 480% gains in 41 days. We just corrected 30% in 1 day hitting the 0.382 fib. Is anything that bullish?

코멘트:

My gut is telling me EOS needs a correction. It was a parabolic 5 EW 480% bull run over 41 days. This needs to retrace properly like all things should. Looking back through the chart above, last time it corrected it took ages on the fib on correction wave B. maybe its displaying same behaviour. Im in no position now but still think this will play out.

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Still convinced we are at least doing at least an A B C correction, if not a full A B C D E.

Wave A and B done.

코멘트:

If this is not in play I am going to give up trading analysis.

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Short Trade active. Believe.

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Targets:

$13.43 is the 0.5 fib.

$11.20 is the 0.618 fib

I think its more likely to hit the 0.5 fib and then continue corrective wave D but watch this space. This dump could last 1-2 days. We will see another smaller A B C D E correction in this dump. Any trading wizards know how to map the bounce points before then happen?

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Here are some bounce targets that I think might happen. Lets see if I am correct just for fun.

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And here are bounce targets if we hit the 0.5 fib.

코멘트:

looks like first bounce was at $17.20, none of my targets.

코멘트:

Bounce target B was hit at $18.04.

코멘트:

This is going a bit further than expected. $18.15. hmm.

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First time I saw EOS play dirty today. Was going down nice and normal on correction wave C and this random pump springs up. good job my stop is miles away but yikes will make a note of this.

코멘트:

EOS stalling on the dump cause of the 50 EMA.

코멘트:

Bounce target $16.80 in play

코멘트:

You know what guys I must be blind to my own TA. I gave bounce targets above from $16.80 to $18.04. That played out but as you can see above I said it was the first time I saw EOS playing dirty as this random pump shows up, and yikes i will make a note of this. Haha Im an idiot.

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Although saying that, it didnt quite hit $16.80, was just shy. Anyway we just had another bounce which got to $17.44. A 3.8% scalp. Looks like its going to break down now.

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ye shall not pass.

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Im already short from $19 but this seems like an obvious 20% short entry right now.

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This bullish divergence is bothering me.

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It has to retrace and touch the fib. If price drops below A then we bearish.

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Bounce target $16.35 hit perfectly. Yet again I ignored my own analysts. I should mark the bounces on my chart next time.

코멘트:

Ok so the bull div kicked and EOS bounced but now its just floating around under the resistance line.

코멘트:

Ye shall not pass still in effect. Wish this would hurry up and drop.

코멘트:

Panick! EOS broken resistance and probing about. any short stops above 18.55 the 0.236 fib.

코멘트:

This looks bad. 3% above resistance line. Help.

코멘트:

The bull divergence kicked in. If it breaks the 0.236 fib its game over.

코멘트:

Trade closed.

EOS just looks too bullish, its one of the few coins with absolutely no bearish divergence on the RSI plus that big chunk of bullish divergence has me thinking its going to make a move up. If, in time things change I will update here.