Buying opportunity for eos NOW.

Very good friends. I've been doing technical analysis for a while and this is my first post, since I see this cryptocurrency with a good buying opportunity for short, medium and long term.

First of all, we placed ourselves in the EOS / BTC pair in the 4-hour time period, since I think it is the one that has greater accuracy.

We can see that it has suffered from a slightly abrupt correction these days due to the crash of the BTC. The first thing we can see, is that our Fibonacci tool indicates that EOS bounced at point 61, as we know these levels are almost always characterized by having correction in the opposite direction to the trend, added to this point 61 coincides with the EMA of 200 periods that also indicates that there may be a stronger rebound.

Analyzing it more deeply I could find a bullish wedge formation, that if we measure from the low part of the rise of the crypto to its maxima, it gives us a medium term objective where EOS could rise around 120% if we project it from the lower part of the wedge, we believe that this goal is very short for EOS since we are almost sure that the price will not be able to reach these levels so low for the fundamentals and the fud we came with this crypto. For the most conservative investors we can project the objective from the lowest part of the wedge to the highest part, which gives us an objective around 50%.

We can also note that if we go to the RSI indicator, it is in oversold levels:

Do not forget that these trades may take a while and are subject to the ups and downs of the BTC is not a safe investment since everything has its risks, but we believe that it is crypto can double or triple its current price.

Point of purchase: current market price.

Target 1: min 15
Target 2: 25%
Target 3: 50%
HOLD in the medium term: 100% -150%.

Thanks so much for reading. Have a nice day.