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.
We share what we know to learn more from others. Thanks for reading.
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.
We share what we know to learn more from others. Thanks for reading.