Coin_Analyst

Daily tf analysis of EOSUSD

BITFINEX:EOSUSD   EOS / Dollar
86 0 0
EOS made a high of $18.67 on Jan. 13,2018, after which it began to sell off. EOS is currently completing a W-X-Y             structure with the wave Y not yet complete.

POI marked on the chart = Point of invalidation (i.e. w2 is red color is not allowed to retrace more than 100% of w1 or close above it).
EOSUSD             completed an Elliott wave cycle (i.e. wave A labelled in red). This implies that any correction for now is too early for an uptrend to resume.
If EOSUSD             holds the above scenario, EOSUSD             should sell off and move well below $5.79 (price low made on the 6th             of Feb. 2018) before any bull move can be sustained.
Red arrows on the chart are only to indicate the trajectory for price and are not price projections. Waves awaiting completion: c, 2,3,4,5,Y &
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