$EOS heads down to $6.0, the next target can be $30

EOSUSD has been moving in a range since last November. First, the price hit $18 but then retraced to $4 and then again moved up to $23 but fell back to $10.29, which is the current price level.

It looks like the price is in an ABCDE range and it is going down to $6.0. This is the support target, IMO. If the price can hold at around $6.0 then the last leg of the formation can take the price up to $30 level.

For the short run, there is still chance to see a price level around $12 but this needs to be interpreted as an short term move (sub 4th wave).

Commento:

I, II, III, IV and V should have been labeled with ABCDE. Sorry for my mistake.

Commento:

For the very short run, the price may hit $11.0-$11.2 range and starts to retrace back.

Commento:

Although there is H&S look, I still think the target is $11.0-$11.2.

Commento:

Be aware of the H&S.

Trade chiuso: obiettivo raggiunto