EOSUSD correct to $7.2-6.5 before further gains

In the long term, I believe EOS is extremely bullish . Nevertheless, it's overextended and more corrections may be coming. We can observe bearish divergence in the past few days, too.

Unlike IOTA, EOS has not overextended as much. (note IOTA has much higher supply) It's possible that a new trend line is legitimate.

For extreme bullishness, a rebound @ .618 = $7.2 will occur. Some may argue that it has been hit yesterday. This remains to be seen.

More likely, it should touch the new trend line @ .5 = $6.5.

Also check out my website: http://www.jlteng.com
Dec 18
Kommentar: As ETH appears to have broken the ascending triangle, EOSUSD is likely to rise as well. It's uncertain that $7.2 will be touched again.
Wow, the price chart of EOS since 4 months looks amazing: http://eospricechart.com/ :)
Breakout !!
DrJLT lrs1995
@lrs1995, Yes, as I said in my update. Once ETH broke out, EOS won't correct :) EOS > ETH for profit in the coming months. Just hold.
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