Most of the Alts look like they are in a accumulation zone.
And especially EOS remembers me of Wyckoff´s Accumulation schematic.
We have high Volume at the SC(Selling Climax) which indicates a change from "dumb" to "smart" money(look at the Bitfinex chart to see it more clearly).
Followed by the AR(Automatic Rally) and the ST(Secondary Test).
The we have a increase in Volume till the ST in phase B which shows more buying at these levels.
Now we should be in phase C were we have a excellent buying opportunity in regards to "tripple R".
But be careful we could see a drop in price below the support levels.
As well we have the trend line as support so we can set the stop very tight, but not to tight as I mentioned before.
The 1. entry could be between the two support lines at 6.6USD - 7USD.
2. entry: 8.4USD - 9USD
And further entries would be in re-accumulation zones.
And especially EOS remembers me of Wyckoff´s Accumulation schematic.
We have high Volume at the SC(Selling Climax) which indicates a change from "dumb" to "smart" money(look at the Bitfinex chart to see it more clearly).
Followed by the AR(Automatic Rally) and the ST(Secondary Test).
The we have a increase in Volume till the ST in phase B which shows more buying at these levels.
Now we should be in phase C were we have a excellent buying opportunity in regards to "tripple R".
But be careful we could see a drop in price below the support levels.
As well we have the trend line as support so we can set the stop very tight, but not to tight as I mentioned before.
The 1. entry could be between the two support lines at 6.6USD - 7USD.
2. entry: 8.4USD - 9USD
And further entries would be in re-accumulation zones.
