30th May EOS Short Position R:R 5.15

in eos •  7 years ago  (edited)

Assumption


50/50 Chance
Betting the market will go down from here.
Symmetrical triangle forming on the RSI.
RSI taking a beating, assume downtrend to follow

Target 1: $12.0155
R:R 3.42
Target 2: $11.9051
R:R 5.15

To complete my Elliott Wave Count of ABC

Without Risk that can be no possibility of Reward

Update

Targets Reached


Failing to break RSI resistance. Keeps going lower.
Potential to break downwards.
RSI broke the triangle.

Completed Elliott Wave Count of ABC
R:R 5.15
We can see another potential wave going up.
Potential of Wave C hitting the 0.5 region of $11.6750

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tough stake, lets see! mainet coming!

Definitely bullish on EOS long term! Especially with the mainnet! Just saw this slight opportunity to short EOS for the healthy correction before the run comes!