I have already posted my short-term to mid-term analysis earlier but this is a big picture, long-term analysis of EOS. For investors or swing traders, the upside seems much larger than the possible downside of 20% or so. I am both a day-trader and a swing trader when I have time and a swing trader when I'm busy with my personal life so I always consider both perspectives, trades that will give me gains short-term and should my schedule become super busy, the long-term as well.
It's forming a bullish Harmonic on a large TF so high chances of it playing out and is also completing a falling wedge on that high TF as well, so long-term (like months going forward), I am optimistic about EOS. Additionally, the harmonic on such a large scale, I wouldn't be surprised if it took a bullish turn before completing the harmonic given the downside vs. upside.
I AM NOT A FINANCIAL ADVISER, DO YOUR OWN RESEARCH!
It's forming a bullish Harmonic on a large TF so high chances of it playing out and is also completing a falling wedge on that high TF as well, so long-term (like months going forward), I am optimistic about EOS. Additionally, the harmonic on such a large scale, I wouldn't be surprised if it took a bullish turn before completing the harmonic given the downside vs. upside.
I AM NOT A FINANCIAL ADVISER, DO YOUR OWN RESEARCH!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.