Nice opportunity of longing EOS, if, and only if, we have established a bottom.

Hi guys,

Legal disclaimer: I am not a financial advisor, this information here is for educational purposes, to foment discussion and help the crypto community...

This is my EOS chart, 1-hour chart, I am looking at the whole motive impulse wave down(12345) structure:

if my count is correct, and we have established a bottom at ~6.5, we would now see some kind of motive impulse wave. and we can see, 5 waves up, establishing a wave 1 of a higher degree:

Now, in order to confirm this whole movement as a motive impulse wave up, EOS has to break the resistances and manage to put in a series of new highs.

This whole movement, tho, could be a corrective structure rather than an impulse, that would mean that we would have a lower low.

So, in order to have some degree of certainty, it's wise to wait for this whole movement to come to an end. Here I show how I am gonna play this trade. If it goes against me, no problem, I have my stop loss there, to cover me. Pay attention at the gree lines, those are my ladder prices, I don't enter at once, I ladder my buys(the same goes for my shorts).

Quick update:

Pay attention at those bullish divergences, it seems that it has finished wave A, perhaps one more leg down. let's see...

Thanks for all the support!

And as always, enjoy your trades!!! :D

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