EOS has the very nice potential trade. Let’s start with the first 1-2-3-4-5 Elliott Waves cycle. This first cycle represents the global Wave 1. After this cycle we saw the corrective cycle A-B-C represents the global Wave 2.
Now the global Wave 3 is forming now. Wave 1 and 2 of this global Wave 3 have already finished, and now we have the nice chance to catch the most impulsive wave in the most impulsive wave. I suppose if the price break through the resistance trendline the price will reach the Wave 3 extended target of 2.62 Fib extension ($7.83). This is the our first target on EOS. I think that the Wave 5 in Wave 3 is going to reach the $9.00 but I will issue an update when it will be the time. Watch out for our channel!
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.