Hello ,
This Idea on Eos is based on a simple Elliot wave count. The chart is pretty self explanatory as I have done most of the explanation on the chart
the last wick down to approximately 2 usd , was a good test of the monthly support , if price can hold this 2 dollar level , we could be poised for a
good impulse wave up. Start of intermediate wave 3 of the primary wave 3 , which is often the longest wave in the cycle.
The risk reward here is very good as the covid lows have proven to be major support level across the crypto markets.
A break of the march 2020 lows would be an invalidation of the trade setup
I will update the idea with time,
Disclaimer : This is not trading advice :)
If this idea helps you and you feel generous would like tip me.
here is my EOS
address : binancecleos
memo : 107043523
Any help is greatly appreciate. Best of luck and happy trading folks
This Idea on Eos is based on a simple Elliot wave count. The chart is pretty self explanatory as I have done most of the explanation on the chart
the last wick down to approximately 2 usd , was a good test of the monthly support , if price can hold this 2 dollar level , we could be poised for a
good impulse wave up. Start of intermediate wave 3 of the primary wave 3 , which is often the longest wave in the cycle.
The risk reward here is very good as the covid lows have proven to be major support level across the crypto markets.
A break of the march 2020 lows would be an invalidation of the trade setup
I will update the idea with time,
Disclaimer : This is not trading advice :)
If this idea helps you and you feel generous would like tip me.
here is my EOS
address : binancecleos
memo : 107043523
Any help is greatly appreciate. Best of luck and happy trading folks