The count on EOSUSD strongly suggests that we have bottomed and have just started a Wave 1 rise.
Since this is the beginning of the impulsive wave and there is no price history, it's still unclear how high it will rise in the immediate term but that should become clearer as the price action takes shape of a 5-waves up.
There is of course always the possibility that we are still in correction mode. Should the price move below $0.47, then we have still to complete the down-move, while a strong move above $0.85 will confirm that the bull run has started which is my primary expectation at the moment.
Stay tuned for updates!
Since this is the beginning of the impulsive wave and there is no price history, it's still unclear how high it will rise in the immediate term but that should become clearer as the price action takes shape of a 5-waves up.
There is of course always the possibility that we are still in correction mode. Should the price move below $0.47, then we have still to complete the down-move, while a strong move above $0.85 will confirm that the bull run has started which is my primary expectation at the moment.
Stay tuned for updates!