EOS / USD - Bitfinex - 02June 2018

Since the ATH EOS retraced at Golden pocket between 0.618 - 0.65 Fibo levels (~10.70$) twice witch was a very good sign.

For me the 3th active wave is completed and now I expected the 4th reactive wave. 2th wave retraced at 0.5 Fibo level so I expect the 4th to retrace at the same level. For me the next very good buy zone is between the 0.382 and 0.5 Fibo levels where the last 5th wave should begin before the bigger correction.

The 3th wave reached 1.75 extension so I expect the last 5th wave to reach 2.75 extension (17$). If you buy at the bottom of the 4th wave around 13.70$ very good sell position should be between 15$ (the top of the 3th wave if EOS decide to do a double top) and the 17$ (2.75 Fibo extension).

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Legal Disclaimer: This blog post and the materials in it are for informational purposes only. I'm not an financial advisor. This is only my opinion. It is not advice or recommendation to buy or sell according to provided information about the price movements and I am not liable for any pecuniary damages!