EOS RETIREMENT SETUP - A NEW ALL TIME HIGH - 2,600%

16 dic 2023

The Altcoins Season will soon be here and one of the coins that I believe will do at least times 10, in fact a new ALL TIME HIGH is EOSUSDT.

Firstly, EOS among very few coins that gained momentum in 2017/2018 has retraced by at least 95% almost back to it entry and that spot right there is a good entry for the big market or call them 'the market maker / smart money contract'.

Secondly, just before the last low this year in 14th of August a complete reversal pattern appears and that is the Elliott Wave Ending Diagonal or to the classical analysist - Falling Wedge. This pattern isn't common but when it appears, it is an ultimate reversal pattern.

Thirdly, from the all time low to the all time high is a complete 5 Elliott Wave (red) which forms a larger degree wave A-peach and then a typical zigzag pattern ABC-red forms the larger degree wave B-peach this implies an end (along with the ending diagonal) of a momentum on this larger degree timeframe and a new trend entirely has already began.

Another factor that is tantamount to this bullish claim for EOS is the striking strong bullish divergence present on the relative strength index (RSI) from the daily to weekly chart and indicator.

Fundamentally, EOS lab in November has plans to collaborate with certain projects. This collaboration is aimed at stimulating activity within the EOS EVM ecosystem, further enhancing its growth and development tweeted on their official account on X formerly known as Twitter.

The setup is quite simple. For long term, invalidation level (stop loss) is the previous August low ($0.52) then for short term take profit should be within ($1.3 - $1.9), while the mid term profit should be from ($1.9 - $6.3) and finally the retirement setup profit is from ($6.3 - $25).

I will be updating potential exits and entries on the daily to lower timeframe so make sure to follow and stay tuned.

UNRELATED

Also see past analysis that has gain 50 - 100%

PEPEUSDT

SOLUSDT

APEUSDT

BINANCE:OOKIUSDT

30 ene

Nota

Nothing's changed plan still remain the same EOSUSDT

4 mar

Nota

you didn't forget my EOSUSDT retirement setup did you? over 40% since post

4 mar

Nota

the next target for EOSUSDT is $1.35 and it should happen very soon.

27 may

Nota

I am not sleeping on EOSUSDT neither am I waiting for a perfect entry that is why I am positioned and willing to DCA lower but from here things could get out of bears hand