EOSUSD: Look at RSI structure

This is a productive approach based on a supposition with regard to BTC meeting +100K USD. A very clear & vivid long-term accumulation is seen based on the positive divergence between the price chart & the RSI (14) in Weekly time frame.

A very good fundamental news is behind EOS. Its technology it great. Where we experienced drop was due to 2 main reasons:

1. BTC's starting with its 4th wave in weekly time frame while ending it's 5th wave in daily.
2. EOS has ended its 3rd Weekly Elliot & ended its 5th daily Elliot so it is needless to say that we can see price plunging well bellow the first Elliot wave.

This is a productive approach toward probable scenarios in the future and it's not a reactive one - we need to observe stop-loss carefully.
This is not a financial advice at all.

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