EOS / ETH Technical Analysis May 17, 2018

It looks like we have made a sharp correction and the correction is complete now. As I can subdivide into correct ratios a 5-3-5 Zig Zag ABC Wave. And we have nearly reached the .618 fib retracement line showing a healthy correction and appears to be bullish due to the brevity of the correction.

Long Term View

I expect to see the minor 4th Wave (Green) complete through the majority of the summer. With a target between 0.038 and 0.04 satoshis. Which is the confluence zone between the 1.236 fib of the entire minor wave and 1.618 fib of the height of wave 1 (green) projected from the beginning of Wave 4.

Note: If I'm long term investing in a coin I will hold a portion (10 - 25%), preferably in secure storage without trading them.

Disclaimer: This is my personal technical analysis. You should not trade cryptocurrencies without taking full responsibility for your own decisions. I will NOT be responsible for any loses you may have incurred based on my TA. Responsible money allocation is key to not gambling all your investments on one or a few trades. I am now a professional trader but am still learning the hard knocks and realities of swing trading full time. I take responsibility from my own decisions, so should you.