EOSUSDT Buy opportunity

9 Feb

EOSUSDT has completed Wave 2 within the current impulse wave cycle, positioning the market for a potential Wave 3 expansion, typically the strongest in an Elliott Wave sequence. The weekly timeframe RSI exhibits bullish divergence, indicating weakening bearish momentum and a possible shift in trend structure.

Price is currently trading within a key accumulation zone, aligning with previous demand levels and Fibonacci retracement confluence. A sustained breakout from this region would confirm the initiation of Wave 3, targeting the projected Fibonacci extension levels.

Profit-taking zones are outlined on the chart, with mid-term resistance areas acting as potential reaction points. A failure to hold the accumulation zone may signal further corrective movement before a larger expansion.

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Price tap inside the accumulation zone, this watch keeping an eyes on and see how the market develops.