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EOS/USD: Be Aware Of Reversal Down

Published 09/17/2021, 04:46 AM
Updated 07/09/2023, 06:31 AM

As per Elliott Wave analysis, EOS/USD is similar as other cryptocurrencies, where we are tracking a minimum three-wave A/1-B/2-C/3 reversal down, so current a-b-c recovery should be as part of wave B/2 that can find the resistance soon, ideally here around 50% - 61,8% Fibonacci retracement level, from where we should be aware of another decline within wave C or 3.

EOS/USD 4h Elliott Wave Analysis Chart
EOS Elliott Wave Analysis

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