EOS Accumulation Zone Complete / Result: Effect Stage CommenceHi Everyone,
It appears EOS has now completed its accumulation in respect to the Wyckoff Theory. Rhyming to the rules of Wyckoff Theory, we can see the Accumulation (Cause) now reflecting the strength of the buyers and pushing the price above the zone to represent reversal of the trend which should now have the health to make new highs (Effect). I Personally have a target of around the 1700-1800- Satoshi Range which is a potential 80% profit.
Other supporting factors include:
Volume: High (we haven't seen this peak of volume in 3 years)
Candles: Weekly Candle showing the buyer strength as consistent wicking of the weekly can be observed in favour of the bulls
EW: From peak of 2018, ABC wave correction complete with wave C extended 5th wave 1.618 showing exhaustion.
Lets see how this one plays out.
Please follow for further updates and other Crypto trades .
Please note this is not Financial advice and DYOR as always.
Thanks,
Husky.
